Correction: Pineapple Financial, Inc. Announces Pricing of $1.0 Million Registered Direct Offering at $0.60 Per Share

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Correction: Pineapple Financial, Inc. Announces Pricing of $1.0 Million Registered Direct Offering at $0.60 Per Share - Benzinga

Quick Summary:

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 $1.0 million worth of its common shares (or common share equivalents in lieu thereof) in a registered direct offering at a purchase price of $0.60 per share.

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 gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.0 million, before deducting the placement agent's fees and other estimated offering expenses.