Pineapple Financial Inc. 8-K

What Happened

• Pineapple Financial Inc. announced that MNP LLP resigned as its independent registered public accounting firm, effective June 1, 2026. MNP’s audit reports for the fiscal years ended August 31, 2025 and August 31, 2024 did not contain adverse opinions or disclaimers, but did include an explanatory paragraph about substantial doubt regarding the Company’s ability to continue as a going concern.
• On May 31, 2026, the Company’s Board and Audit Committee approved a Management Services and Advisory Agreement with Innovating Capital Management, LLC to provide asset management, consulting and advisory services, including design, implementation and oversight of a digital-asset treasury strategy. The Board also approved a Treasury Reserve Policy effective May 31, 2026.

Key Details

• Auditor change: MNP LLP resigned effective June 1, 2026; the company reported no disagreements or reportable events with MNP for the fiscal year ended August 31, 2025 and through June 1, 2026.
• Prior audit notes: MNP’s reports for FY2025 and FY2024 included a going-concern explanatory paragraph.
• Advisor agreement: Approved May 31, 2026; initial one-year term with automatic one‑year renewals; either party may terminate with 30 days’ prior written notice.
• Treasury governance: A Treasury Reserve Policy was adopted May 31, 2026 to set governance, custody, reporting and risk-management rules for the digital-asset treasury strategy.

Why It Matters

• Auditor change is material because it affects financial reporting oversight; investors should note the prior audits included a going-concern explanatory paragraph, which is a significant disclosure about the Company’s financial condition. The filing states there were no disagreements with MNP.
• The new advisory agreement and Treasury Reserve Policy signal the Company is formally adopting a digital-asset treasury strategy, introducing new asset types, custody and operational risk that investors should monitor through future disclosures (e.g., asset holdings, valuation, custody arrangements and controls).