- Quick response from Pineapple Financial to address false stock split claims.
- Company denies issuance of 450 million free shares and reverse stock split rumors.
- Firm investigates misinformation and commits to protecting shareholder interests.
Pineapple Financial (PAPL, Financial) has issued an official statement refuting false claims made about its stock structure by financial news source, Flash Alert. The company categorically denies the purported 1-for-90 reverse stock split and the alleged reduction of its shares outstanding from 1 million to 90 million. Furthermore, Pineapple Financial debunks rumors regarding the issuance of 450,000,000 free shares.
The company is actively investigating the source of this misinformation and plans to take necessary measures to safeguard shareholder interests and maintain its reputation. Pineapple Financial emphasizes its strong commitment to transparent and responsible communication with investors and the general public.
Pineapple Financial, a Canadian fintech firm, remains a key player in the mortgage brokerage sector, using innovative cloud-based tools and AI-driven systems to assist homeowners. The company is also noted for its active engagement in community and charitable activities across Canada.
