AINewsBreaks – Pineapple Financial Inc. (NYSE American: PAPL) Secures $3.5M in IPO
Pineapple Financial (NYSE American: PAPL), Canada’s tech-focused mortgage brokerage with an integrated network of partner brokerages and agents across the country, recently announced the closing of its initial public offering of 875,000 common shares, each at a public offering price of $4.00. The aggregate gross proceeds to Pineapple Financial are $3.5 million, before deducting underwriting discounts and other offering expenses. The company’s common shares began trading on the NYSE American Exchange under the ticker symbol PAPL on Nov. 1, 2023. EF Hutton, a division of Benchmark Investments LLC, acted as the sole book-running manager, and Dominari Securities LLC acted as…