Pineapple Financial Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Item 8.01: Other Events
As previously announced on May 16, 2024, Pineapple Financial Inc. (the “Company”) entered into a securities purchase agreement (the “SPA”) with Brown Stone Capital Ltd., a corporation organized under the laws of England and Wales (the “Investor”), pursuant to which the Company has sold to the Investor a convertible promissory note (the “Note”) in the aggregate principal amount of $300,000, with an 8% per annum interest rate and a maturity date of twenty four (24) months from the date of the issuance.
Pursuant to the Note and the SPA, the Investor on July 25, 2024, has elected to convert $44,912.90 in principal amount and interest of the Note into common shares. Accordingly, on July 25, 2024, the Investor was issued 64,922 common shares (the “Shares”). The Shares have been registered under the registration statement on Form S1, as amended (File no. 333-279802) filed with SEC on May 29, 2024, and which was declared effective on July 08, 2024. The Company currently has 7,883,859 common shares issued and outstanding.
The SPA and the Note are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference. The above descriptions of the terms of the transaction documents are qualified in their entirety by reference to such exhibits.
Item 9.01 Exhibits
| Exhibit No. | Description | |
| 10.1 | Securities Purchase Agreement dated May 10, 2024 (incorporated by reference to the Exhibit 10.3 of the Form 8K filed on May 16, 2024) | |
| 10.2 | Convertible Promissory Note (incorporated by reference to the Exhibit 10.4 of the Form 8K filed on May 16, 2024) | |
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 30, 2024
| PINEAPPLE FINANCIAL INC. | ||
| By: | /s/ Shubha Dasgupta | |
| Shubha Dasgupta | ||
| Chief Executive Officer | ||