Pineapple Financial Inc.’s Lock-Up Period Will End on April 29th (NYSEAMERICAN:PAPL)

Pineapple Financial’s (NYSEAMERICAN:PAPL) lock-up period will end on Monday, April 29th. Pineapple Financial had issued 875,000 shares in its initial public offering on November 1st. The total size of the offering was $3,500,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Pineapple Financial Trading Up 7.0 %

Shares of PAPL opened at $1.38 on Wednesday. Pineapple Financial has a one year low of $1.20 and a one year high of $4.25. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.03 and a quick ratio of 2.03.

Pineapple Financial Company Profile

Pineapple Financial Inc operates as a mortgage technology and brokerage company in Canada. The company provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers; and mortgage consultation services through field agents. It also operates MyPineapple, a technology platform that allows users to conduct their brokerage services.