Correction: Pineapple Financial, Inc. Announces Pricing of $1.0 Million Registered Direct Offering at $0.60 Per Share
Pineapple Financial (NYSE: PAPL), a Canadian tech-focused mortgage brokerage, has announced a registered direct offering of approximately $1.0 million worth of common shares at $0.60 per share to an institutional investor. The offering, expected to close around November 15, 2024, will generate gross proceeds of approximately $1.0 million before deducting placement agent fees and expenses.
D. Boral Capital serves as the exclusive placement agent, with Sichenzia Ross Ference Carmel LLP acting as U.S. legal counsel. The offering is made pursuant to an effective S-3 registration statement filed with the SEC on October 29, 2024.
Pineapple Financial (NYSE: PAPL), una società canadese di intermediazione ipotecaria focalizzata sulla tecnologia, ha annunciato un offerta diretta registrata di circa 1,0 milioni di dollari in azioni ordinarie a 0,60 dollari per azione, destinata a un investitore istituzionale. Si prevede che l'offerta si chiuda intorno al 15 novembre 2024 e generi proventi lordi di circa 1,0 milioni di dollari, prima della deduzione delle tasse e delle spese dell'agente di collocamento.
D. Boral Capital funge da agente di collocamento esclusivo, con Sichenzia Ross Ference Carmel LLP che agisce come consulente legale negli Stati Uniti. L'offerta è effettuata ai sensi di una dichiarazione di registrazione S-3 efficace depositata presso la SEC il 29 ottobre 2024.
Pineapple Financial (NYSE: PAPL), una correduría de hipotecas canadiense centrada en la tecnología, ha anunciado una oferta directa registrada de aproximadamente 1.0 millones de dólares en acciones ordinarias a 0.60 dólares por acción a un inversor institucional. Se espera que la oferta se cierre alrededor del 15 de noviembre de 2024, generando ingresos brutos de aproximadamente 1.0 millones de dólares antes de deducir las tarifas y gastos del agente de colocación.
D. Boral Capital actúa como el agente de colocación exclusivo, con Sichenzia Ross Ference Carmel LLP actuando como asesor legal en EE. UU. La oferta se realiza de acuerdo a una declaración de registro S-3 efectiva presentada ante la SEC el 29 de octubre de 2024.
파인애플 파이낸셜 (NYSE: PAPL)는 캐나다의 기술 중심 모기지 중개업체로서 약 100만 달러 상당의 보통주 등록 직접 공모를 발표했습니다. 주당 0.60달러에 기관 투자자에게 제공됩니다. 이 공모는 2024년 11월 15일경에 마감될 것으로 예상되며, 배치 에이전트 수수료와 비용을 공제하기 전 약 100만 달러의 총 수익을 생성할 것입니다.
D. Boral Capital은 독점 배치 에이전트로 활동하며, Sichenzia Ross Ference Carmel LLP는 미국의 법률 자문을 맡고 있습니다. 이 공모는 2024년 10월 29일 SEC에 제출된 유효한 S-3 등록 성명에 따라 이루어집니다.
Pineapple Financial (NYSE: PAPL), un courtier hypothécaire canadien axé sur la technologie, a annoncé une offre directe enregistrée d'environ 1,0 million de dollars en actions ordinaires au prix de 0,60 dollar par action à un investisseur institutionnel. L'offre devrait se clôturer aux alentours du 15 novembre 2024 et générer des produits bruts d'environ 1,0 million de dollars avant déduction des frais et dépenses de l'agent de placement.
D. Boral Capital agit en tant qu'agent de placement exclusif, avec Sichenzia Ross Ference Carmel LLP en tant que conseiller juridique aux États-Unis. L'offre est réalisée conformément à une déclaration d'enregistrement S-3 effective déposée auprès de la SEC le 29 octobre 2024.
Pineapple Financial (NYSE: PAPL), ein kanadisches technologieorientiertes Hypothekenmaklerunternehmen, hat ein registriertes Direktangebot von etwa 1,0 Millionen US-Dollar an Stammaktien zu je 0,60 US-Dollar pro Aktie an einen institutionellen Investor angekündigt. Das Angebot wird voraussichtlich um den 15. November 2024 abgeschlossen und wird vor Abzug der Gebühren und Ausgaben des Platzierungsagenten Bruttoeinnahmen von etwa 1,0 Millionen US-Dollar generieren.
D. Boral Capital fungiert als exklusiver Platzierungsagent, während Sichenzia Ross Ference Carmel LLP als rechtlicher Berater in den USA auftritt. Das Angebot erfolgt aufgrund einer wirksamen S-3-Registrierungserklärung, die am 29. Oktober 2024 bei der SEC eingereicht wurde.
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Toronto, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Pineapple Financial, Inc. (NYSE: PAPL) (the “Company”), Canada’s tech-focused mortgage brokerage with an integrated network of partner brokerages and agents across the country, today announced that it entered into a securities purchase agreement with a certain institutional investor to purchase approximately
The gross proceeds to the Company from the registered direct offering are estimated to be approximately
D. Boral Capital LLC is acting as exclusive placement agent for the offering.
Sichenzia Ross Ference Carmel LLP is acting as U.S. legal counsel to Pineapple Financial, Inc.
The proposed offering of the securities described above is being offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-282629) filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on October 29, 2024, and the accompanying prospectus contained therein.
The offering is being made only by means of a prospectus supplement and accompanying prospectus. A final prospectus supplement describing the terms of the public offering will be filed with the SEC and will form a part of the effective registration statement.
Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting D. Boral Capital LLC Attention: Syndicate Department, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at syndicate@dboralcapital.com, or by telephone at (212) 970-5150.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Pineapple Financial, Inc.
Pineapple is a leader in the Canadian mortgage industry, breaking the mold by focusing on both the long-term success of agents and brokerages, as well as the overall experience of homeowners. With approximately 600 brokers within the network, Pineapple utilizes cutting-edge cloud-based tools and AI-driven systems to enable its brokers to help Canadians realize their ultimate dream of owning a home. Pineapple is active within the community and is proud to sponsor cancer charities across Canada, improving the lives of fellow Canadians touched by cancer.
Forward Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.
Given these uncertainties, you should not place undue reliance on these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We do not undertake any obligation to update any such statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments.
For media inquiries, please contact Shuba Dasgupta, Chief Executive Officer & Co-Founder, at Pineapple
Email: shuba@gopineapple.com
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