Pineapple financial COO acquires $65 in common shares

Published 27/05/2025, 22:34
Pineapple financial COO acquires $65 in common shares

Marin Kendall Leo, the Chief Operating Officer of Pineapple Financial Inc. (NASDAQ:PAPL), recently acquired 1,451 common shares of the company, according to a recent SEC filing. The purchase, completed on May 22, 2025, was made at a price of $0.045 per share, totaling approximately $65. The timing appears strategic, as InvestingPro data shows the stock trading near its 52-week low, with the company maintaining a strong balance sheet featuring more cash than debt. Following this transaction, Leo directly owns 1,843,262 shares of Pineapple Financial. This total does not include 126,652 options and 25,651 warrants owned by Leo, which were issued under the company’s 2022 Omnibus Equity Incentive Compensation Plan. According to InvestingPro, PAPL maintains healthy liquidity with liquid assets exceeding short-term obligations. Subscribers can access 5 additional ProTips and comprehensive financial metrics on the platform.

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