Press Release – New York, NY – May 6, 2025 – Sichenzia Ross Ference Carmel LLP announced today that it represented Pineapple Financial Inc. (NYSE American: PAPL) (the “Company”), a leading Canadian mortgage technology and brokerage firm, in the closing of a public offering with aggregate gross proceeds to the Company of $1,500,000, prior to deducting fees and other expenses payable by the Company. The public 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.
The SRFC team was led by partners Darrin M. Ocasio and Matthew Siracusa, and associate Benasz Hansotia.