Toronto-based Pineapple Financial Inc., a tech-focused mortgage brokerage serving the Canadian market, announced the closing of its initial public offering (IPO) of 875,000 common shares at a price of $4.00 per share.
The aggregate gross proceeds of the IPO are $3.5 million, before deducting underwriting discounts and other expenses. The common shares began trading on Nov. 1 on the NYSE American Exchange under the ticker symbol “PAPL.”
EF Hutton, a division of Benchmark Investments LLC acted as the sole book-running manager for the IPO, with Dominari Securities LLC acting as co-manager and Sichenzia Ross Ference LLP acting as the company’s U.S. counsel.
