Recent Updates — PTIV

The Board of Directors appointed Usman Maher as Chief Financial Officer and Chief Strategy Officer, effective October 15, 2026. Maher receives a $250,000 annual base salary with a target bonus equal to 100% of his base. Concurrently, the company formed a special committee of independent directors to oversee management's evaluation of a proposed multi-phase strategic repositioning under the "Pentiv" brand. This non-binding proposal involves renaming the company, separating its technology platform and digital-asset treasury operations from its mortgage brokerage business, and potentially spinning off the brokerage unit. The company also announced that its NYSE American ticker will change from PAPL to PTIV around October 26, 2026. Pineapple Financial operates a mortgage brokerage network and is developing an AI-enabled intelligence platform for the industry.