SIMPPLE Ltd. Fully Regains Compliance with Nasdaq鈥檚 Continued Listing Requirements
SIMPPLE Ltd. (NASDAQ: SPPL) has successfully regained compliance with Nasdaq's continued listing requirements. The company had previously failed to meet the minimum stockholders' equity requirement of $2.5 million. To address this, SIMPPLE completed a private investment in public equity (PIPE) on June 30, 2025, raising $2.0 million through the sale of 1,333,334 shares.
The company received confirmation from Nasdaq on July 22, 2025, that it now complies with Listing Rule 5550(b)(1). SIMPPLE plans to use the PIPE proceeds for technology development, pipeline expansion, and global growth initiatives. Nasdaq will continue monitoring the company's compliance with stockholders' equity requirements in future periodic reports.
SIMPPLE Ltd. (NASDAQ: SPPL) ha riconquistato con successo la conformit脿 ai requisiti di quotazione continua del Nasdaq. In precedenza, la societ脿 non aveva rispettato il requisito minimo di patrimonio netto degli azionisti di 2,5 milioni di dollari. Per risolvere questa situazione, SIMPPLE ha completato un investimento privato in capitale pubblico (PIPE) il 30 giugno 2025, raccogliendo 2,0 milioni di dollari attraverso la vendita di 1.333.334 azioni.
La societ脿 ha ricevuto conferma dal Nasdaq il 22 luglio 2025, attestando che ora 猫 conforme alla Regola di Quotazione 5550(b)(1). SIMPPLE prevede di utilizzare i proventi del PIPE per lo sviluppo tecnologico, l'espansione del portafoglio prodotti e le iniziative di crescita globale. Nasdaq continuer脿 a monitorare la conformit脿 della societ脿 ai requisiti di patrimonio netto degli azionisti nei futuri rapporti periodici.
SIMPPLE Ltd. (NASDAQ: SPPL) ha recuperado con 茅xito el cumplimiento de los requisitos continuos de cotizaci贸n de Nasdaq. La compa帽铆a anteriormente no cumpl铆a con el requisito m铆nimo de patrimonio neto de los accionistas de 2,5 millones de d贸lares. Para solucionar esto, SIMPPLE complet贸 una inversi贸n privada en capital p煤blico (PIPE) el 30 de junio de 2025, recaudando 2,0 millones de d贸lares mediante la venta de 1.333.334 acciones.
La compa帽铆a recibi贸 confirmaci贸n de Nasdaq el 22 de julio de 2025, indicando que ahora cumple con la Regla de Cotizaci贸n 5550(b)(1). SIMPPLE planea usar los ingresos del PIPE para el desarrollo tecnol贸gico, expansi贸n de su cartera y proyectos de crecimiento global. Nasdaq continuar谩 monitoreando el cumplimiento de la compa帽铆a con los requisitos de patrimonio neto en futuros informes peri贸dicos.
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SIMPPLE Ltd. (NASDAQ : SPPL) a r茅ussi 脿 retrouver la conformit茅 avec les exigences de cotation continue du Nasdaq. La soci茅t茅 ne r茅pondait pas auparavant 脿 l'exigence minimale de capitaux propres des actionnaires de 2,5 millions de dollars. Pour y rem茅dier, SIMPPLE a r茅alis茅 un investissement priv茅 en actions publiques (PIPE) le 30 juin 2025, levant 2,0 millions de dollars gr芒ce 脿 la vente de 1 333 334 actions.
La soci茅t茅 a re莽u la confirmation du Nasdaq le 22 juillet 2025, attestant qu'elle est d茅sormais conforme 脿 la R猫gle de cotation 5550(b)(1). SIMPPLE pr茅voit d'utiliser les fonds du PIPE pour le d茅veloppement technologique, l'expansion de son portefeuille et ses initiatives de croissance mondiale. Le Nasdaq continuera de surveiller la conformit茅 de la soci茅t茅 aux exigences en mati猫re de capitaux propres dans ses rapports p茅riodiques futurs.
SIMPPLE Ltd. (NASDAQ: SPPL) hat erfolgreich die Einhaltung der fortlaufenden Notierungsanforderungen der Nasdaq wiederhergestellt. Das Unternehmen hatte zuvor die Mindestanforderung an das Eigenkapital der Aktion盲re von 2,5 Millionen US-Dollar nicht erf眉llt. Um dies zu beheben, f眉hrte SIMPPLE am 30. Juni 2025 eine Private Investment in Public Equity (PIPE) durch und erzielte durch den Verkauf von 1.333.334 Aktien 2,0 Millionen US-Dollar.
Das Unternehmen erhielt am 22. Juli 2025 die Best盲tigung von Nasdaq, dass es nun der Notierungsregel 5550(b)(1) entspricht. SIMPPLE plant, die PIPE-Mittel f眉r die Technologieentwicklung, die Erweiterung der Produktpipeline und globale Wachstumsinitiativen zu verwenden. Nasdaq wird die Einhaltung der Eigenkapitalanforderungen des Unternehmens in zuk眉nftigen periodischen Berichten weiterhin 眉berwachen.
- Successfully raised $2.0 million through PIPE financing
- Regained compliance with Nasdaq listing requirements
- Stockholders' equity now exceeds $2.5 million minimum requirement
- Risk of future delisting if compliance is not maintained in next periodic report
- Significant dilution from issuing 1,333,334 new shares
- Required emergency funding to maintain listing status
Insights
SIMPPLE regained Nasdaq compliance through $2M PIPE, averting potential delisting and stabilizing its market position.
SIMPPLE has successfully addressed a critical regulatory challenge by regaining compliance with Nasdaq's minimum stockholders' equity requirement of
This compliance recovery represents a significant positive development for SIMPPLE's market stability. The company had been operating under the shadow of potential delisting since January when it fell below the required equity threshold. Nasdaq's notice confirms SIMPPLE's current compliance status, though with ongoing monitoring requirements in future periodic reports.
The successful
It's worth noting that this compliance recovery isn't permanent鈥擲IMPPLE must maintain the required equity levels in subsequent financial reports to avoid returning to non-compliance status. The conditional nature of Nasdaq's approval indicates SIMPPLE remains under heightened scrutiny. For a facilities management technology company, maintaining market access is particularly crucial for supporting growth initiatives and potential future capital raises at favorable terms.
Singapore, July 24, 2025 (GLOBE NEWSWIRE) -- SIMPPLE Ltd. (NASDAQ: SPPL) (鈥淪IMPPLE鈥� or 鈥渢he Company鈥�), a leading technology provider and innovator in the facilities management (FM) sector, today announced that it has received notice from The Nasdaq Stock Market LLC (鈥淣asdaq鈥�) notifying the Company that the Company has regained compliance with the Nasdaq Capital Market鈥檚 minimum stockholders鈥� equity requirement and annual shareholder meeting requirement, as required by Nasdaq Listing Rules.
As previously reported in the Company鈥檚 Form 6-K dated January 21, 2025, the Company did not comply with the minimum stockholders鈥� equity of
The Company has since filed a Form 6-K dated July 7, 2025, stating that the Company had executed a series of securities purchase agreements with investors to raise aggregate gross proceeds of
On July 22, 2025, Nasdaq notified the Company that the Company complies with the Listing Rule 5550(b)(1), subject to the Company鈥檚 disclosure in a Form 6-K no later than July 25, 2025, providing a description of the completed transaction or event that enabled the Company to satisfy the stockholders鈥� equity requirement for continued listing. Nasdaq will continue to monitor the Company鈥檚 ongoing compliance with the stockholders' equity requirement and, if at the time of its next periodic report, the Company does not evidence compliance, it may be subject to delisting. At that time, Staff will provide written notification to the Company, which may then appeal Staff鈥檚 determination to a Hearings Panel.
鈥淲e are pleased to have successfully regained compliance with Nasdaq鈥檚 continued listing requirements and consider this latest notification a key milestone that underscores our broader business objectives鈥� said Norman Schroeder, SIMIPPLE鈥檚 chief executive. 鈥淲e believe it鈥檚 an important outcome that goes to SIMPPLE鈥檚 credibility, and best interest of our valued investors, partners, and stakeholders, as we continue to invest in our technology advancements and global growth objectives.鈥�
The Company will continue to monitor its ongoing compliance with all applicable Nasdaq listing standards and will provide further updates as and when required.
About SIMPPLE LTD.
Headquartered in Singapore, SIMPPLE LTD. is an advanced technology solution provider in the emerging PropTech space, focused on helping facilities owners and managers manage facilities autonomously. Founded in 2016, the Company has a strong foothold in the Singapore facilities management market, serving over 60 clients in both the public and private sectors and extending out of Singapore into Australia and the Middle East. The Company has developed its proprietary SIMPPLE Ecosystem, to create an automated workforce management tool for building maintenance, surveillance and cleaning comprised of a mix of software and hardware solutions such as robotics (both cleaning and security) and Internet-of-Things ("IoT") devices.聽
For more information on SIMPPLE, please visit:
Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as 鈥渕ay,鈥� 鈥渟hould,鈥� 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥渃ontemplates,鈥� 鈥渆stimates,鈥� 鈥渂elieves,鈥� 鈥減lans,鈥� 鈥減rojected,鈥� 鈥減redicts,鈥� 鈥減otential,鈥� or 鈥渉opes鈥� or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
For investor and media queries, please contact: SIMPPLE LTD. Investor Relations Department Email: [email protected]
FAQ
What did SIMPPLE (SPPL) do to regain Nasdaq compliance in July 2025?
How much minimum stockholders' equity is required for Nasdaq Capital Market listing?
When did SIMPPLE complete its PIPE financing to meet Nasdaq requirements?
What will SIMPPLE use the PIPE financing proceeds for?
What happens if SIMPPLE fails to maintain Nasdaq compliance in future reports?
