Pineapple Financial Inc. has completed a private placement, raising approximately $100 million from accredited investors. The offering involved the sale of subscription receipts at prices of $3.80 and $4.16 per receipt, with investors providing either U.S. dollars or INJ tokens as consideration. Proceeds from the placement will support the company's new digital asset treasury strategy, with INJ-the native token of the Injective blockchain-as the principal holding. Pineapple Financial also entered into an ISDA Master Agreement and related credit arrangements with FalconX Bravo, Inc. to facilitate derivative and hedging transactions associated with its INJ Treasury Strategy.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pineapple Financial Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-017119), on October 06, 2025, and is solely responsible for the information contained therein.
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