Pineapple Financial Completes 1-For-20 Reverse Stock Split; Approved For Relisting On NYSE American; To Resume Trading Under Ticker Symbol PAPL On July 22, 2025

Milestone marks renewed growth strategy, increased accessibility for investors, and operational momentum

Toronto, Ontario--(Newsfile Corp. - July 17, 2025) - Pineapple Financial Inc. (NYSE American: PAPL), a leading Canadian mortgage technology and brokerage company, today announced that it has successfully completed a 1-for-20 reverse stock split and has been approved for relisting on the NYSE American. Trading under the ticker symbol PAPL will resume on July 22, 2025.

Pineapple recently reported improved fiscal Q3 results, reflecting significant progress across its core business. Year-over-year volume grew by 13.3% and gross billings increased by 13.9%. The company also reduced staff-related expenses by 32.3%, implemented key operational efficiencies, and continued advancing PineappleONE, its end-to-end mortgage platform. These improvements have positioned the company to pursue sustained profitability while delivering increased value to shareholders.