Pineapple Financial Inc., a Canadian mortgage technology and brokerage firm, announced a 1-for-20 reverse stock split of its common shares, effective July 16, 2025. This move reduces the number of outstanding shares from 20,092,025 to 1,004,675, aiming to increase the per-share market price and regain compliance with the NYSE American's Listing Qualifications. The company's shares will trade under the new ticker symbol "PAPLD" on the OTC Market starting July 16 and will revert to "PAPLF" after 20 business days.
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