pineapple financial to Deny claims of a 1-for-90 reverse split and reduced shares
Pineapple Financial, a prominent fintech and MLP brokerage firm in Canada, has articulated a firm stance on the misleading and false information presented in a tweet by Flash Alert. The firm, which owns invested securities in 35+ Canadian MLPs, explicitly denies the claims presented in the tweet, which suggested a 1-for-90 reverse split and a reduction of shares outstanding from 1 million to 90 million shares.
The tweet, published on May 12, 2025, was redacted by Flash Alert to规模 450,000,000 shares, andorestated related claims in a statement. Pineapple Financial, with the help of mangeo counsel, has taken definitive action against this misinformation, with the firm’s Office of Legal500 has included the tweet in its global analysis and found no basis for such claims. The firm has completed formal investigations to resolve these issues, ensuring a safe-haven environment for its stakeholders.
Pineapple Financial remains a firm proponent of transparency and transparency in its communications, stating that the claims in the tweet were false and represent an aimed misrepresentation of the firm’s financial structure. The company is committed to maintaining its transparency and responsible approach, taking steps to prevent future occurrences of such misleading statements.
Whatever their stance, the firm has their own facts: Pineapple Financial had invested in 35 major MLPs, including Horizon Group, which went public on May 12, 2025, making it one of the largest MLPs in Canada and among the leading global MLPs. The stock currently stands at $18.29 per share.
Pineapple Financial is part of a larger strategy to invest in筅 carefully chosen companies while adhering to the principles of ethicalMLP. The firm has been expanding its portfolio and streamlining its operations to meet the needs of its changing markets. Its platform is designed to deliver cutting-edge solutions for environmentally conscious consumers.
In the meantime, the firm is working to address the misinformation entityId, with efforts centered on ensuring a safe-haven environment for its clients and stakeholders. The firm is also extending its support for underperforming MLPs with a range of([-30%,-80%]) growth plans, aiming to generate additional income and reduce financial losses.
As the firm continues to navigate the complexities of its business landscape, the firm is focusing on key areas of transparency and responsible communication. This approach not only aims to build trust but also to attract and retain satisfied clients.