Lucosky Brookman Represents EF Hutton in Pineapple Financial Inc.'s Successful $3.5 Million Initial Public Offering
Lucosky Brookman LLP proudly announces its representation of EF Hutton in Pineapple Financial Inc.’s ("Pineapple Financial" or the "Company") successful closing of its initial public offering (IPO). The Company, listed on the NYSE American under the ticker symbol "PAPL," raised $3.5 million through the issuance of 875,000 common shares at a public offering price of $4.00 per share.
Pineapple Financial Inc., based in Canada, is a tech-focused mortgage brokerage boasting an integrated network of partner brokerages and agents spanning the entire country. The Common Shares began trading on the NYSE American Exchange on November 1, 2023, marking a significant milestone for the Company and its investors.
EF Hutton, a division of Benchmark Investments, LLC, played a pivotal role as the sole book-running manager for the Offering. Dominari Securities LLC served as co-manager for the IPO. Lucosky Brookman LLP acted as counsel to EF Hutton in connection with the Offering.
The aggregate gross proceeds of $3.5 million, before deducting underwriting discounts and other Offering expenses, will empower Pineapple Financial Inc. to fuel its growth initiatives and further solidify its position as a leader in Canada's tech-driven mortgage brokerage sector.