SIMPPLE Ltd. Fully Regains Compliance with Nasdaq’s Continued Listing Requirements
Singapore, July 24, 2025 (GLOBE NEWSWIRE) — SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Firm”), a number one expertise supplier and innovator within the services administration (FM) sector, immediately introduced that it has obtained discover from The Nasdaq Inventory Market LLC (“Nasdaq”) notifying the Firm that the Firm has regained compliance with the Nasdaq Capital Market’s minimal stockholders’ fairness requirement and annual shareholder assembly requirement, as required by Nasdaq Itemizing Guidelines.
As beforehand reported within the Firm’s Kind 6-Ok dated January 21, 2025, the Firm didn’t adjust to the minimal stockholders’ fairness of $2,500,000 as required for continued itemizing on Nasdaq set forth in Nasdaq Itemizing Rule 5550(b)(1).
The Firm has since filed a Kind 6-Ok dated July 7, 2025, stating that the Firm had executed a collection of securities buy agreements with traders to lift combination gross proceeds of $2.0 million ensuing from the sale of 1,333,334 shares by means of a non-public funding in public fairness (PIPE). On account of the closing of the non-public placement on June 30, 2025, the Firm’s shareholders’ fairness exceeded $2.5 million. SIMPPLE intends to make use of the online proceeds from the PIPE to advance improvement of its applied sciences, in depth pipeline, and international growth.
On July 22, 2025, Nasdaq notified the Firm that the Firm complies with the Itemizing Rule 5550(b)(1), topic to the Firm’s disclosure in a Kind 6-Ok no later than July 25, 2025, offering an outline of the finished transaction or occasion that enabled the Firm to fulfill the stockholders’ fairness requirement for continued itemizing. Nasdaq will proceed to observe the Firm’s ongoing compliance with the stockholders’ fairness requirement and, if on the time of its subsequent periodic report, the Firm doesn’t proof compliance, it could be topic to delisting. At the moment, Employees will present written notification to the Firm, which can then enchantment Employees’s willpower to a Hearings Panel.
“We’re happy to have efficiently regained compliance with Nasdaq’s continued itemizing necessities and contemplate this newest notification a key milestone that underscores our broader enterprise goals” mentioned Norman Schroeder, SIMIPPLE’s chief government. “We imagine it’s an necessary final result that goes to SIMPPLE’s credibility, and finest curiosity of our valued traders, companions, and stakeholders, as we proceed to put money into our expertise developments and international progress goals.”
The Firm will proceed to observe its ongoing compliance with all relevant Nasdaq itemizing requirements and can present additional updates as and when required.
About SIMPPLE LTD.
Headquartered in Singapore, SIMPPLE LTD. is a sophisticated expertise resolution supplier within the rising PropTech area, centered on serving to services house owners and managers handle services autonomously. Based in 2016, the Firm has a powerful foothold within the Singapore services administration market, serving over 60 shoppers in each the private and non-private sectors and lengthening out of Singapore into Australia and the Center East. The Firm has developed its proprietary SIMPPLE Ecosystem, to create an automatic workforce administration software for constructing upkeep, surveillance and cleansing comprised of a mixture of software program and {hardware} options comparable to robotics (each cleansing and safety) and Web-of-Issues (“IoT”) gadgets.
For extra info on SIMPPLE, please go to: https://www.simpple.ai
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