v3.26.1
Share capital
 9 Months Ended
May 31, 2026
Equity [Abstract]  
Share capital

6. Share capital

 

Authorized share capital

 

The authorized share capital of the Company consists of an unlimited number of common shares with no par value.

 

   #   $ 
Balance, August 31, 2024   421,342    8,559,856 
Issuance of common shares against S3   19,133    232,708 
Issuance of common shares against prefunded warrants   64,200    780,769 
Issuance of common share against S1   500,000    834,000 
Issuance of common shares against warrants conversion   336,266    1,701,398 
Share issuance costs   -    (487,263)
Balance, August 31, 2025   1,340,941    11,621,468 
           
Issuance of common shares against PIPE – cash   5,776,304    21,949,955 
Issuance of common shares against PIPE – in-kind (digital assets)   18,866,396    31,323,740 
Issuance of common shares against warrants conversion   5,010    35,473 
Issuance of common shares in exchange for legal services    100,000    142,000 
Repurchase of common shares   (554,581)   (648,805)
Repurchase of common shares related expenses   -    (11,531)
Share issue costs   -    (2,033,995)
Balance, May 31, 2026   25,534,070    62,378,305 

 

 

Pineapple Financial Inc.

Notes to the Condensed Interim Consolidated Financial Statements - Unaudited

For the period ended May 31, 2026

(Expressed in US Dollars)

 

 

6. Share capital (continued from previous page)

 

January 6, 2026 – Share issued against PIPE

 

On January 6, 2026, the Company completed a PIPE financing, pursuant to which it issued an aggregate of 24,642,700 common shares.

 

  ● 5,776,304 common shares were issued for cash proceeds of $21.9 million.
  ● 18,866,396 common shares were issued in exchange for digital assets with a fair value of $31.3 million at the date of issuance.

 

The Company incurred share issuance costs of $2.0 million related to the PIPE financing, which were recorded as a reduction to share capital.

 

During the nine months ended May 31, 2026, the Company issued 100,000 common shares to a third-party service provider in exchange for legal services. The shares were measured at their fair value on the grant date, resulting in stock-based compensation expense of $142,000, which has been recognized in the consolidated statements of operations. The issuance of these shares is reflected within shareholders’ equity.

 

Share Repurchase and Cancellation

 

During the nine months ended May 31, 2026, the Company repurchased an aggregate of 554,581 shares of its common stock pursuant to its authorized share repurchase program for total consideration of $648,805, excluding transaction costs. Transaction costs directly attributable to the share repurchases of $11,531 were recorded as a reduction of share capital within shareholders’ equity.

 

As of May 31, 2026, 554,581 of the repurchased common shares had been processed for cancellation.

 

As a result, the repurchases reduced the number of shares of common stock issued and outstanding and were accounted for as a reduction of shareholders’ equity in the condensed consolidated balance sheets. No gain or loss was recognized in the condensed consolidated statements of operations and comprehensive loss in connection with the repurchase and retirement of the Company’s common stock.