PAPL · All filings · Read this filing

What changed 10-K

Item 5. Market for Registrant’s Common Equity

2025-12-03 compared with 2024-12-20 · 9 added, 1 removed, 12 unchanged (45% of the section changed)

1 unchanged sentence

common shares are listed on the NYSE American under the symbol “PAPL.”

of December 19, 2024, we had 95 shareholders of record .

of November 28, 2025, we had 99 shareholders of record.

This does not include shares held in the name of a broker, bank, or other

8 unchanged sentences

Sales of Equity Securities

On September 2, 2025, the Company entered into a Securities Purchase Agreement with certain accredited investors, pursuant to which the

Company sold and issued, in a private placement offering, Subscription Receipts of the Company at an offering price of $3.80 per Subscription

Receipt with respect to certain purchasers, and $4.16 per Subscription Receipt, with respect to certain purchasers.

Purchasers tendered,

at the election of each Purchaser, U.S.

dollars or INJ tokens to the Company as consideration for the Subscription Receipts.

Each Subscription

Receipt is exchangeable for one Common Share upon meeting the Escrow Release Conditions.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.