Singapore, Jan. 17, 2025 — SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), a PropTech firm providing advanced technology solutions, announced today that Nasdaq has notified them of deficiencies in minimum stockholders’ equity and annual meeting requirements.

As its December 30, 2024 Form 6-K shows, SIMPPLE’s stockholders’ equity was $950,980 as of June 30, 2024, falling short of Nasdaq’s $2,500,000 minimum requirement (Nasdaq Listing Rules 5550(b)(1)).

The company also failed to hold its annual shareholder meeting within twelve months of its fiscal year-end, violating Nasdaq Listing Rules 5620(a), 5810(c)(2)(G), and IM-5629.

SIMPPLE has until March 3, 2025 (45 calendar days) to submit a plan to regain compliance. If approved, Nasdaq may grant an 180-day extension to demonstrate compliance.

SIMPPLE is developing a plan to increase stockholders’ equity and meet requirements, aiming to submit it by the deadline. Further updates will be provided as needed.

About SIMPPLE LTD.

Singapore-based SIMPPLE LTD. provides advanced technology solutions for facilities management. Founded in 2016, it serves over 60 public and private sector clients in Singapore, Australia, and the Middle East. Its proprietary SIMPPLE Ecosystem automates workforce management for building maintenance, surveillance, and cleaning, using software and hardware including robotics and IoT devices.

For more information on SIMPPLE, please visit:

Safe Harbor Statement

This press release includes forward-looking statements. These statements are based on current expectations and projections about future events. Such statements relate to financial performance, revenue growth, earnings, business prospects, and opportunities. Forward-looking statements often use terms like “may,” “should,” “expects,” “anticipates,” “estimates,” “believes,” “plans,” or similar terms. Factors that could cause actual results to differ materially include the Company’s ability to adapt, keep up with technological changes and market demands, and navigate the competitive landscape.

Forward-looking statements are predictions only. Actual results may differ materially due to various risks and uncertainties. We are not obligated to update any forward-looking statements.

For investor and media queries, please contact:
SIMPPLE LTD.
Investor Relations Department
Email:

Visit the Investor Relation Website:

Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Tel: (646) 893-5835
Email:   

CONTACT: For investor and media queries, please contact:
SIMPPLE LTD.
Investor Relations Department
Email: ir@simpple.ai

SKYLINE CORPORATE COMMUNICATIONS GROUP, LLC
Scott Powell 
President
Email: info@skylineccg.com