Pineapple Power Secures Shareholder Approval for Share Split and Capital Reorganisation

Pineapple Power Corp PLC ( (GB:PNPL) ) has provided an announcement.

Pineapple Power Corporation PLC reported that shareholders approved a special resolution at its general meeting to reorganise the company’s share capital, including a sub-division of existing ordinary shares and related amendments to its articles of association. The resolution passed with a strong majority of votes cast, confirming investor support for the capital changes.

Following the approval, each existing £0.01 ordinary share will be split into one new £0.001 ordinary share and one deferred share of £0.009, with the new ordinary shares admitted to the FCA Official List and trading on the LSE’s Main Market from 22 May 2026. The reorganisation maintains the same ticker and ISIN while preserving the total number of voting ordinary shares at 83,332,877, giving shareholders clarity on their holdings and regulatory disclosure thresholds.

Spark’s Take on PNPL Stock

According to Spark, TipRanks’ AI Analyst, PNPL is a Neutral.

The score is primarily held down by weak financial performance (zero revenue, ongoing losses, negative free cash flow, and negative equity), with only partial offset from improving loss/cash-burn trends. Technical indicators do not show a clear positive trend, and valuation provides limited support due to negative earnings and no stated dividend yield.

To see Spark’s full report on PNPL stock, click here.

More about Pineapple Power Corp PLC

Pineapple Power Corporation PLC is a London-listed special purpose acquisition company focused on identifying and completing acquisitions, typically in high-growth or strategic sectors. The company’s shares trade on the London Stock Exchange’s Main Market under the ticker PNPL, providing investors with exposure to potential future transactions.

Technical Sentiment Signal: Sell

Current Market Cap: £2.28M

See more insights into PNPL stock on TipRanks’ Stock Analysis page.