Pineapple Financial Inc. Enters Material Definitive Agreement

Ticker: PAPL · Form: 8-K · Filed: Oct 6, 2025 · CIK: 1938109

Pineapple Financial Inc. 8-K Filing Summary
FieldDetail
CompanyPineapple Financial Inc. (PAPL)
Form Type8-K
Filed DateOct 6, 2025
Risk Levelmedium
Pages3
Reading Time4 min
Key Dollar Amounts$3.80, $4.16, $100 million
Sentimentneutral

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation

TL;DR

Pineapple Financial Inc. just signed a big deal creating a financial obligation. Details in the 8-K.

AI Summary

Pineapple Financial Inc. entered into a material definitive agreement on September 30, 2025. This agreement creates a direct financial obligation for the registrant. The filing was made on October 6, 2025, and includes financial statements and exhibits related to this obligation.

Why It Matters

This filing indicates Pineapple Financial Inc. has entered into a significant agreement that creates a financial obligation, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce financial risks and uncertainties for a company.

Key Players & Entities

  • Pineapple Financial Inc. (company) — Registrant
  • September 30, 2025 (date) — Date of earliest event reported
  • October 6, 2025 (date) — Filing date
  • 111 Gordon Baker Road, Suite 200, North York, Ontario M2H 3R1 (address) — Principal executive offices

FAQ

What is the nature of the material definitive agreement entered into by Pineapple Financial Inc.?

The filing states that Pineapple Financial Inc. entered into a material definitive agreement, which creates a direct financial obligation for the registrant. Specific details of the agreement are not provided in this summary.

When was the material definitive agreement entered into?

The earliest event reported, which is the entry into the material definitive agreement, occurred on September 30, 2025.

When was this Form 8-K filed with the SEC?

This Form 8-K was filed with the SEC on October 6, 2025.

What is the principal business address of Pineapple Financial Inc.?

The principal executive offices of Pineapple Financial Inc. are located at Unit 200, 111 Gordon Baker Road, North York, Ontario M2H 3R1.

What type of financial obligation does the agreement create for Pineapple Financial Inc.?

The agreement creates a direct financial obligation for the registrant.

Filing Stats: 1,001 words · 4 min read · ~3 pages · Grade level 12.7 · Accepted 2025-10-06 17:26:31

Key Financial Figures

  • $3.80 — of the Company at an offering price of $3.80 per Subscription Receipt, with respect
  • $4.16 — with respect to certain purchasers, and $4.16 per Subscription Receipt, with respect
  • $100 million — ompany raised proceeds of approximately $100 million in the Private Placement in order to ad

Filing Documents

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 30, 2025 PINEAPPLE FINANCIAL INC. (Exact name of registrant as specified in charter) Canada 001-41738 Not applicable 00-0000000 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) Unit 200 , 111 Gordon Baker Road North York , Ontario M2H 3R1 (Address of principal executive offices) (Zip Code) (416) 669-2046 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares, no par value PAPL NYSE American Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2 of this chapter). Emerging growth If an emerging growth company, indicate by check mart if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01 Entry into a Material Definitive Agreement. ISDA Master Agreement and Credit Agreement As previously disclosed, on September 2, 2025, Pineapple Financial Inc. (the "Company") entered into a securities purchase agreement (the " Securities Purchase Agreement ") with certain accredited investors (the " Purchasers ") pursuant to which the Company agreed to sell and issue to the Purchasers in a private placement offering (the " Private Placement ") subscription receipts (the " Subscription Receipts ") of the Company at an offering price of $3.80 per Subscription Receipt, with respect to certain purchasers, and $4.16 per Subscription Receipt, with respect to certain purchasers. Purchasers tendered, at the election of each Purchaser, U.S. dollars or INJ tokens to the Company as consideration for the Subscription Receipts (the aggregate amount paid in such INJ and United States Dollars, the " Subscription Amount "). The Company raised proceeds of approximately $100 million in the Private Placement in order to adopt a digital asset treasury strategy under which the principal holding will be INJ, the native digital asset of the Injective blockchain (the " INJ Treasury Strategy "). The Private Placement closed on September 4, 2025. As previously disclosed, a portion of the cash proceeds from the Private Placement will be used in furtherance of the Company's INJ Treasury Strategy. These proceeds will be released from escrow upon the satisfaction of certain escrow release conditions as set forth in the Private Placement transaction documents. In connection with the Company's planned INJ Treasury Strategy , on September 30, 2025, the Company entered into an International Swaps and Derivatives Association 2002 ISDA Master Agreement (the " ISDA Master Agreement ") with FalconX Bravo, Inc. (" FalconX ") facilitating the Company to enter into derivative and/or hedging transactions (the " Transaction ") to manage the risk associated with its INJ Treasury Strategy. The derivative and hedging transactions will be governed by the ISDA Master Agreement, including the related Schedule to the ISDA Master Agreement (" Schedule ").. The structure of the Transactions may include swaps, caps, floors, collars, locks, forwards and options. Certain events of default will apply to the Transactions under the ISDA Master Agreement and Schedule, including, but not limited to, failure to pay or deliver, breach of the agreement, credit support default, cross-defaults and misrepresentation. Also in connection with the ISDA Master Agreement, on September 30, 2025, the Company entered into a Credit Support Annex to the ISDA Master Agreement (the " Credit Support Annex "), which sets forth the terms and conditions upon which the Company will be required to deliver additional collateral to FalconX (and FalconX will be required to return collateral to the Company) depending upon the mark to mar

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