Singapore, May 02, 2025 – SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), a prominent technology provider and innovator in the facilities management (FM) industry, announced today that on April 28, 2025, it received official notification from The Nasdaq Stock Market LLC (“Nasdaq”) confirming that the Company has regained compliance with the Nasdaq Capital Market’s continued listing standard regarding the minimum bid price requirement, as outlined in Nasdaq Listing Rule 5550(a)(2), which mandates that listed securities maintain a minimum bid price of $1.00 per share.
As disclosed in the Company’s Form 6-K dated February 26, 2025, Nasdaq had previously informed the Company that its closing bid price had fallen short of the $1.00 per share minimum required for continued listing over the preceding 30 consecutive business days, according to Nasdaq Listing Rules 5550(a)(2).
Subsequently, Nasdaq has advised the Company that its closing bid price has been at or above $1.00 per share for the 14 consecutive business days spanning April 7 through April 25, 2025, thereby achieving compliance with Nasdaq’s listing standards.
“We are delighted to have successfully met Nasdaq’s continued listing requirements concerning the minimum bid price, and we remain dedicated to our expansion and growth goals for Singapore and the broader region,” stated Norman Schroeder, SIMPPLE’s chief executive officer.
About SIMPPLE LTD.
Based in Singapore, SIMPPLE LTD. is an innovative technology solution provider in the burgeoning PropTech sector, specializing in helping facilities owners and managers achieve autonomous facilities management. Established in 2016, the Company has established a strong presence in the Singapore facilities management market, serving more than 60 clients across the public and private sectors and expanding its reach from Singapore into Australia and the Middle East. The Company has developed its proprietary SIMPPLE Ecosystem, an automated workforce management tool for building maintenance, surveillance, and cleaning, which includes a range of software and hardware solutions such as robotics (for both cleaning and security) and Internet-of-Things (“IoT”) devices.
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Safe Harbor Statement
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Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made by us or our representatives from time to time may not transpire, and actual events and outcomes may substantially differ and are subject to risks, uncertainties, and assumptions about us. We are under no obligation to publicly update or revise any forward-looking statement, whether due to uncertainties and assumptions, or because the forward-looking events discussed in this press release and other statements made by us or our representatives may not occur.
CONTACT: For investor and media queries, please contact: SIMPPLE LTD. Investor Relations Department Email: ir@simpple.ai
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