- **Pineapple Financial Inc.** entered into an **International Swaps and Derivatives Association 2002 ISDA Master Agreement** with **FalconX Bravo, Inc.** on **September 30, 2025**, to facilitate derivative and hedging transactions.  **[1938109_0001493152-25-017119_ex10-1.htm:0]** **[1938109_0001493152-25-017119_form8-k.htm:1]** 
- This agreement is intended to manage risk associated with the Company's **INJ Treasury Strategy**, which holds **INJ** (the native digital asset of the Injective blockchain) as its principal asset.  **[1938109_0001493152-25-017119_form8-k.htm:1]** 
- The **INJ Treasury Strategy** was established using approximately **$100 million** raised in a **Private Placement** that closed on **September 4, 2025**.  **[1938109_0001493152-25-017119_form8-k.htm:1]** 
- A **Credit Support Annex** was also executed on **September 30, 2025**, detailing the terms for collateral delivery between the parties.  **[1938109_0001493152-25-017119_ex10-3.htm:0]** **[1938109_0001493152-25-017119_form8-k.htm:1]** 
- An **Additional Termination Event** for Pineapple Financial Inc. is triggered if its **Net Equity falls 25% on any day**.  **[1938109_0001493152-25-017119_ex10-2.htm:1]**

Pineapple Financial Inc. Enters into ISDA Master Agreement for Digital Asset Treasury Strategy

- Pineapple Financial Inc. announced a **$100 million private placement** to launch a digital asset treasury strategy anchored in **INJ**, the native asset of Injective.  **[1938109_0001641172-25-026153_ex99-1.htm:0]** **[1938109_0001641172-25-026153_form8-k.htm:4]** 
- This investment positions Pineapple Financial as the **first publicly traded INJ holder worldwide**.  **[1938109_0001641172-25-026153_ex99-1.htm:0]** 
- The INJ treasury strategy is expected to generate a passive yield of approximately **12%**.  **[1938109_0001641172-25-026153_ex99-1.htm:0]** 
- The private placement involves the sale of subscription receipts at an offering price of **$3.80 per Subscription Receipt**, with the closing anticipated on or about **September 4, 2025**.  **[1938109_0001641172-25-026153_form8-k.htm:1]** **[1938109_0001641172-25-026153_form8-k.htm:4]**

Pineapple Financial (PAPL)