Pineapple Financial Shares Rise After $100M Private Placement Closes

Dow Jones

09/05

By Chris Wack

Pineapple Financial shares were 64% higher, at $6.78, after the company closed a private placement for the purchase and sale of 24.6 million subscription receipts, for proceeds of $100 million.

The financial technology company said it intends to use the proceeds to launch a digital asset treasury strategy anchored in INJ, the native asset of Injective.

Under the terms of the securities purchase agreement, the company issued 7.8 million subscription receipts at $3.80 per subscription receipt, and 16.8 million subscription receipts at $4.16 per subscription receipt. The combined issuance represents a weighted average purchase price of $4.04 per subscription receipt.

Pineapple said the INJ treasury strategy is expected to generate a passive yield of about 12%. INJ is the native asset of Injective, a blockchain built for finance.

The private placement attracted participation from institutional investors, including FalconX, Kraken, Blockchain.com, Canary Capital, and the Injective Foundation.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

September 05, 2025 10:43 ET (14:43 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The combined issuance represents a weighted average purchase price of $4.04 per subscription receipt. \n</p>\n<p>\n  Pineapple said the INJ treasury strategy is expected to generate a passive yield of about 12%. INJ is the native asset of Injective, a blockchain built for finance. \n</p>\n<p>\n  The private placement attracted participation from institutional investors, including FalconX, Kraken, Blockchain.com, Canary Capital, and the Injective Foundation. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 05, 2025 10:43 ET (14:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PAPL","symbol_name":"Pineapple Financial Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2565732569","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2565732569","pubTimestamp":1757083380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Pineapple Financial shares were 64% higher, at $6.78, after the company closed a private placement for the purchase and sale of 24.6 million subscription receipts, for proceeds of $100 million.The financial technology company said it intends to use the proceeds to launch a digital asset treasury strategy anchored in INJ, the native asset of Injective.Under the terms of the securities purchase agreement, the company issued 7.8 million subscription receipts at $3.80 per subscription receipt, and 16.8 million subscription receipts at $4.16 per subscription receipt. 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