Latest news with #PineappleFinancial
Yahoo
19-05-2025
- Business
- Yahoo
Pineapple Financial Inc. Responds to NYSE Commencement of Proceedings to Delist
Toronto, Ontario--(Newsfile Corp. - May 19, 2025) - Pineapple Financial (OTC Pink: PAPLF) announced today that it is working on certain curative actions to regain compliance to maintain its listing and appeal the NYSE's determination to delist its common shares to the Listings Qualifications Panel of the Exchange. The Company's common shares will be suspended from trading on the NYSE American during this time. The NYSE Regulation commenced delisting proceedings in connection with its determination and announced on May 14, 2025, that the Company is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the bid price falling under $.10. Our stock price was impacted due to the spread of false and malicious information. This misinformation caused an immediate and significant impact on the stock price, which prompted the NYSE to halt trading. We want to make it abundantly clear that this incident does not reflect the true state of Pineapple Financial, nor does it affect our operations in any way. Our business remains strong, and we continue to make significant strides towards our goals of profitability and technological innovation. The management team and Board of Directors are fully committed to resolving this matter swiftly and are working closely with the NYSE and regulators to ensure trading is resumed as soon as possible. A reverse stock split, ratified by the Board, is anticipated to resolve the situation, with a special shareholder meeting scheduled for June. While we understand the concerns that this situation has raised, we are confident that this is a temporary challenge. We remain focused on our business growth, advancing our technology, and delivering long-term value for our shareholders. Our commitment to building a stronger, more resilient Pineapple Financial has never wavered. We would like to take a moment to express our sincere gratitude to our shareholders for their continued trust and support during this time. Your belief in Pineapple Financial is invaluable, and we are confident that we will emerge from this stronger than before. We will continue to keep you informed every step of the way and appreciate your patience as we work through this matter. Thank you for your unwavering support. About Pineapple Pineapple is an award-winning fintech and leading Canadian mortgage brokerage network, focusing on both the long-term success of agents and brokers as well as the overall experience of homeowners. With hundreds of brokers within the network, Pineapple creates cutting-edge cloud-based tools and AI-driven systems to enable its brokers to help Canadians realize their dream of owning a home. Pineapple is active within the community and is proud to sponsor charities across Canada to improve the lives of fellow Canadians. Follow us on social media: Instagram: @pineapplemortgage @empoweredbypineapple Facebook: Pineapple Mortgage LinkedIn: Pineapple Mortgage Safe Harbor Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. They 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 economic needs. 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 that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results. It 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 Media Contact: For media inquiries, please contact Shubha Dasgupta, Chief Executive Officer, at Pineapple. Email: shubha@ Related Links: Investor Relations Contact: For investor relations inquiries, please contact Pineapple Financial Inc. ir@ To view the source version of this press release, please visit
Globe and Mail
13-05-2025
- Business
- Globe and Mail
Pineapple Financial Inc. Announces Proposed Share Consolidation to Strengthen Capital Structure and Support Long-Term Growth
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Pineapple Financial Inc. (NYSE: PAPL) ("Pineapple" or the "Company"), a tech-enabled mortgage brokerage and fintech platform, today announced that its Board of Directors has approved the submission of a special resolution to shareholders to authorize a consolidation (the "Consolidation") of the Company's issued and outstanding common shares on the basis of between 10 and 20 pre-Consolidation shares for each one post-Consolidation share. The proposed Consolidation will be presented to shareholders for approval at a special meeting scheduled for June 26, 2025, with a record date set for May 23, 2025. "This proposed share consolidation reflects our continued efforts to strengthen our capital structure, enhance our trading profile, and position the Company for future growth," said Shubha Dasgupta, CEO of Pineapple Financial."As we continue to grow our volume, expand our verticals, and improve operational efficiency, we believe this step supports our long-term commitment to delivering shareholder value." The Consolidation, if approved, is expected to increase the per-share trading price of the Company's common shares, which may improve the Company's ability to attract institutional investors and meet minimum share price requirements for continued listing on the NYSE American exchange. It does not affect any shareholder's proportionate ownership interest or voting rights, except for minor rounding adjustments. Further details regarding the Consolidation and special meeting will be included in the management information circular to be filed and mailed to shareholders in accordance with applicable securities laws. About Pineapple Pineapple is an award-winning fintech and leading Canadian mortgage brokerage network, focusing on both the long-term success of agents and brokers as well as the overall experience of homeowners. With hundreds of brokers within the network, Pineapple creates cutting-edge cloud-based tools and AI-driven systems to enable its brokers to help Canadians realize their dream of owning a home. Pineapple is active within the community and is proud to sponsor charities across Canada to improve the lives of fellow Canadians. Follow us on social media: Instagram: @pineapplemortgage @empoweredbypineapple Facebook: Pineapple Mortgage LinkedIn: Pineapple Mortgage Safe Harbor Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. They 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 economic needs. 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 that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results. It 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 Media Contact: For media inquiries, please contact Shubha Dasgupta, Chief Executive Officer, at Pineapple. Email: shubha@ Related Links: Investor Relations Contact: For investor relations inquiries, please contact Pineapple Financial Inc.
Associated Press
12-05-2025
- Business
- Associated Press
Pineapple Financial Issues Statement on False Claims Regarding Reverse Split
Toronto, Ontario--(Newsfile Corp. - May 12, 2025) - Pineapple Financial (NYSE American: PAPL) categorically denies the misleading and false information presented in a tweet by Flash Alert, a Financial news source, regarding the company's stock structure. The claims about a 1-for-90 reverse split and the reduction of shares outstanding from 1M to 90M are entirely inaccurate. Pineapple Financial has not authorized any such reverse stock split nor the issuance of 450,000,000 free shares as stated in the tweet. We are actively investigating this misinformation and will take necessary actions to protect our shareholders and our reputation. Pineapple Financial remains committed to transparent and responsible communication with our investors and the public. About Pineapple Pineapple is an award-winning fintech and leading Canadian mortgage brokerage network, focusing on both the long-term success of agents and brokers as well as the overall experience of homeowners. With hundreds of brokers within the network, Pineapple creates cutting-edge cloud-based tools and AI-driven systems to enable its brokers to help Canadians realize their dream of owning a home. Pineapple is active within the community and is proud to sponsor charities across Canada to improve the lives of fellow Canadians. Follow us on social media: Instagram: @pineapplemortgage@empoweredbypineapple Facebook: Pineapple Mortgage LinkedIn: Pineapple Mortgage Safe Harbor Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. They 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 economic needs. 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 that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results. It 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 Media Contact: For media inquiries, please contact Shubha Dasgupta, Chief Executive Officer, at Pineapple. Email: [email protected] Related Links: Investor Relations Contact: For investor relations inquiries, please contact Pineapple Financial Inc. [email protected] To view the source version of this press release, please visit
Associated Press
12-05-2025
- Business
- Associated Press
D. Boral Capital Acted as Exclusive Placement Agent to Pineapple Financial Inc. (NYSE:PAPL) in Connection with its $1.5 Million Public Offering
TORONTO, ON / ACCESS Newswire / May 12, 2025 / Pineapple Financial Inc. (NYSE American:PAPL) ('Pineapple' or the 'Company'), a leading Canadian mortgage technology and brokerage firm, today announced the closing of its public offering (the 'Offering') with aggregate gross proceeds to the Company of $1,500,000, prior to deducting fees and other expenses payable by the Company. The Offering consisted of 10,000,000 units, each unit consisting of one common share of the Company and one warrant to purchase one common share of the Company, at a public offering price of $0.15 per unit. D. Boral Capital LLC acted as exclusive placement agent for the Offering. Sichenzia Ross Ference Carmel LLP acted as legal counsel to the Company and Lucosky Brookman LLP acted as legal counsel to D. Boral Capital LLC. The Offering of the securities described above was offered by the Company pursuant to an effective registration statement on Form S-1 (File No. 333-286783), as amended, filed with the Securities and Exchange Commission (the 'SEC') and declared effective by the SEC on May 1, 2025. The Offering was made only by means of a prospectus. A final prospectus describing the terms of the Offering was filed with the SEC and forms a part of the effective registration statement. Copies of the final prospectus relating to this Offering may be obtained on the SEC's website at or by contacting D. Boral Capital LLC at 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at [email protected], 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 Financial Inc. (NYSE American: PAPL) is a leading Canadian mortgage technology and brokerage company focused on delivering the ultimate experience for mortgage brokers, lenders, and clients. Pineapple provides cutting-edge tools, marketing automation, analytics, and proprietary technology designed to simplify and enhance the mortgage process. With a growing national footprint and a commitment to innovation, Pineapple is setting a new standard for excellence in the mortgage industry. For more information, please visit About D. Boral Capital D. Boral Capital LLC is a premier, relationship-driven global investment bank headquartered in New York. The firm is dedicated to delivering exceptional strategic advisory and tailored financial solutions to middle-market and emerging growth companies. With a proven track record, D. Boral Capital provides expert guidance to clients across diverse sectors worldwide, leveraging access to capital from key markets, including the United States, Asia, Europe, the Middle East, and Latin America. A recognized leader on Wall Street, D. Boral Capital has successfully aggregated approximately $30 billion in capital since its inception in 2020, executing ~350 transactions across a broad range of investment banking products. Legal Disclaimer Certain statements contained in this press release, including statements relating to the Company's expectations regarding the completion, timing and size of its proposed public offering and listing may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as 'may,' 'will,' 'expect,' 'intend,' 'anticipate,' 'estimate,' 'believe,' 'continue,' or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on management's current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These risks and uncertainties include, but are not limited to, risks and uncertainties associated with the consummation of the offering and other risks described in FatPipe's registration statement on Form S-1, as it may be amended from time to time. Except as required by law, FatPipe expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences For more information, please contact: D. Boral Capital LLC Email: [email protected] Telephone: +1(212)-970-5150 SOURCE: D. Boral Capital LLC press release
Associated Press
08-05-2025
- Business
- Associated Press
The Fintech Future: Stocks to Watch as the Sector Surges Toward $1.1T
Fintech is charging forward—and it's on track to surpass $1.1 trillion by 2032. The global fintech market, already valued at around $340 billion in 2024, is being turbocharged by surging demand for digital wallets, AI-driven financial solutions, and cross-border payments. From revolutionizing banking to streamlining international commerce, fintech is no longer a niche—it's the backbone of modern finance. For investors looking to tap into this rapid growth, the opportunities are enormous. With new innovations reshaping the way money moves and grows, it's clear: fintech isn't just here to stay, it's accelerating at an unprecedented pace. For investors looking to tap into this momentum, here are four stocks worth a closer look. Pineapple Financial Inc. (NYSE American: PAPL) is a Canadian fintech firm redefining the mortgage brokerage space with its innovative, tech-first approach. As one of Canada's leading mortgage networks, Pineapple combines AI-driven tools with cloud-based systems to empower hundreds of brokers across the country. The company not only streamlines the home-buying experience for Canadians but also supports its agents with scalable technology designed for long-term success. Despite a challenging real estate market, Pineapple has demonstrated impressive financial momentum in recent quarters. For the six months ending February 28, 2025, the company reported an 11.8% year-over-year revenue increase, alongside a 15.2% rise in gross billings—reaching $9.33 million. At the same time, operating efficiencies helped reduce net losses and improve cash flow. Pineapple cut SG&A expenses by 3.6%, lowered advertising costs by over 60%, and saw a 47% improvement in cash used for operations. 'Our second-quarter results highlight the successful transition to an integrated platform, driving meaningful cost savings and enhancing our ability to scale,' said CEO Shubha Dasgupta. 'We are now in a position to continue growing revenue at scale while reducing expenses as we move toward profitability.' Investors have taken notice. On May 5, 2025, Pineapple successfully closed a $1.5 million public offering, raising fresh capital to support growth. The company is actively scaling in response to a surge in Canadian mortgage renewals—a trend expected to continue over the next two years. CFO Sarfraz Habib added, 'These improvements ensure that we are well-positioned to achieve profitability in the near term, even amid a challenging macroeconomic environment.' In the first quarter of fiscal 2025, Pineapple reported a 34.6% increase in revenue and a 26.8% reduction in net loss, further underscoring the company's accelerating momentum. Its growing footprint, cost discipline, and ability to execute in a volatile market position Pineapple as a compelling fintech stock to watch. As Canada's mortgage landscape continues to evolve—with lower interest rates, policy shifts, and increased housing demand—Pineapple stands to benefit from the rising need for modern, tech-powered financial solutions. With a strong leadership team and a scalable platform, Pineapple Financial (NYSE American: PAPL) is aiming to turn today's investments into tomorrow's profitability. Opendoor Technologies Inc. (Nasdaq: OPEN) is redefining how Americans buy and sell homes through its pioneering e-commerce platform for residential real estate. Operating in markets across the U.S. since 2014, Opendoor simplifies what is often one of life's most complex transactions, providing homeowners with flexibility, speed, and certainty. From instant cash offers to partnerships with trusted agents, Opendoor empowers customers with choice—all backed by technology and data-driven insights. Opendoor entered 2025 with a clear focus: driving toward profitability while enhancing its customer experience. The company's first-quarter results demonstrate meaningful progress. For Q1 2025, Opendoor reported $1.2 billion in revenue, marking a 6% increase quarter-over-quarter. The company sold nearly 3,000 homes, with a gross profit of $99 million and a gross margin of 8.6%, up from 7.8% in Q4 2024. Opendoor also continued to narrow its losses, with net loss improving to $85 million, down from $113 million the previous quarter. On a non-GAAP basis, Adjusted EBITDA improved to $(30) million, from $(49) million in Q4. Contribution profit came in at $54 million, representing a 42% increase quarter-over-quarter. The company ended Q1 with a robust inventory of 7,080 homes valued at $2.4 billion, up 26% year-over-year. Opendoor purchased 3,609 homes in the quarter—a 22% increase sequentially—positioning itself well for future sales growth. While homes under contract for future purchase declined, the company remains focused on disciplined acquisition strategies and operational efficiencies. Opendoor's Q2 2025 guidance reflects continued growth and a potential turning point in profitability. The company expects: With improving margins, disciplined cost control, and a clear strategic roadmap, Opendoor is moving closer to positive EBITDA and long-term scalability. As the real estate market evolves and digitization accelerates, Opendoor stands at the forefront of reshaping the U.S. housing transaction experience. Payoneer Inc. (NASDAQ: PAYO) is a global financial technology company on a mission to democratize access to cross-border commerce for the world's small and medium-sized businesses (SMBs). Founded in 2005, the company has built an end-to-end financial stack that helps millions of entrepreneurs and enterprises—especially in emerging markets—get paid, manage multi-currency funds, and grow globally. With customers in over 190 countries and a presence across 7,000+ trade corridors, Payoneer is a critical infrastructure layer for modern global commerce. In Q1 2025, Payoneer continued to deliver robust growth, with revenue (excluding interest income) rising 16% year-over-year. This performance was driven by 7% volume growth and a 22% increase in average revenue per user (ARPU). Notably, revenue from SMBs grew 18%, led by strong momentum in high-value segments: This marks the seventh consecutive quarter of ARPU acceleration and underscores the growing adoption of Payoneer's broader financial services offerings. In early April, Payoneer completed its acquisition of Easylink Payment Co., Ltd., a licensed China-based payment service provider. This move strengthens the company's regulatory foundation in a key market and enhances its ability to deliver localized, compliant solutions for Chinese exporters navigating global trade. Just weeks later, Payoneer celebrated its 20th anniversary, commemorating two decades of powering global entrepreneurship. The milestone included a $2 million donation to Endeavor, a leading global network supporting high-impact entrepreneurs, and culminated in a Nasdaq closing bell ceremony. These celebrations highlighted Payoneer's long-term commitment to enabling ambition without borders. Despite strong underlying performance, Payoneer is taking a cautious stance amid global economic uncertainty and has suspended its full-year 2025 guidance. Management cited shifting global trade dynamics and potential headwinds for cross-border businesses as key factors. However, the company remains confident in its long-term strategy, underpinned by a diverse customer base and a differentiated product offering. Payoneer ended Q1 with $6.6 billion in customer funds, up 11% YoY, and continued to return capital to shareholders with $17 million in share repurchases during the quarter. As global trade evolves, Payoneer is uniquely positioned to support SMBs navigating new supply chains, regulatory environments, and digital ecosystems. With a proven track record of innovation, disciplined execution, and a global-first approach, Payoneer is well-equipped to lead the next chapter of cross-border commerce. PagBank (NYSE: PAGS) the digital banking arm of Brazil's UOL Group, is rapidly solidifying its position as a dominant player in Latin America's fintech space. With a focus on simplifying financial life for individuals and businesses alike, the company offers a broad suite of services—from digital accounts and mobile payments to credit products and insurance—backed by a robust regulatory framework under Brazil's Central Bank. In Q4 2024, PagBank posted impressive results, recording net revenue of R$5.1 billion—a year-over-year increase of 18%. Even more compelling was its 21% jump in net income, reaching R$631 million. These gains came despite a volatile macroeconomic environment marked by high interest rates and currency swings. Notably, the company achieved a return on average equity (ROAE) of 15.2%, underscoring its operational efficiency and financial discipline. Growth metrics were equally strong: PagBank's expanding ecosystem includes 6.3 million merchant clients and nearly 18 million active users who rely on it as their primary banking platform. Continued innovation—such as their Multiple Card (debit + credit) and cashback offerings—has enhanced customer engagement and loyalty. From a financial performance perspective, PagBank has become a consistent earnings beat story. It has topped Wall Street's EPS estimates for the last two quarters by an average of nearly 12%, with a 17.24% beat in the most recent quarter. Its focus on operational leverage, funding cost reduction, and risk management has built a strong foundation for future growth. Looking ahead, the company maintains a bullish outlook for 2025. It plans to continue investing in technology, expanding its product portfolio, and leveraging its scale to maximize returns. With a current share price under $5, PAGS presents an intriguing opportunity for investors seeking fintech growth in emerging markets, backed by strong fundamentals, consistent profitability, and scalable Contact Company Name: RazorPitch Contact Person: Mark McKelvie Email: Send Email City: NAPLES State: Florida Country: United States Website: Press Release Distributed by To view the original version on ABNewswire visit: The Fintech Future: Stocks to Watch as the Sector Surges Toward $1.1T
