Pineapple Inc. Updates Shareholders on Recent Developments in 2024

Company elects to file Form 15 amidst prior auditor being reprimanded by regulatory agency for matters unrelated to the Company

LOS ANGELES, CA, May 08, 2024 (GLOBE NEWSWIRE) — Pineapple, Inc. (OTC: PNPL) (the “Company,” “Pineapple” or “PNPL”), a publicly traded company, today announced its filing of a Form 15 with Securities and Exchange Commission on May 7, 2024, in order to voluntarily terminate the Company’s duty to file reports. On May 3, 2024, the Company identified an issue with the 2022 audit firm, BF Borgers, who provided that year’s audit preparation of its financials. The Company worked with a partner at that firm, Brian Rusywick, who was not named in any disciplinary actions. In early 2023, the Company transitioned with Mr. Rusywick to his new auditing firm, Reliant APC.

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