Simpple Ltd (SPPL) Regains Nasdaq Compliance

SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management (FM) sector, today announced that on April 28, 2025, the Company received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with Nasdaq Capital Market’s continued listing standard for the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.

As reported in the Company’s Form 6-K dated February 26, 2025, the Company received a letter from Nasdaq notifying that the closing bid price of the Company did not meet the continued listing requirement of $1.00 per share over the previous 30 consecutive business days under Nasdaq Listing Rules 5550(a)(2).

Since then, Nasdaq has notified the Company that the closing bid price of the Company has been at $1.00 per share or greater for the last 14 consecutive business days from April 7 through 25, 2025, resulting to compliance with its listing standards.

“We are pleased to have successfully regained compliance with Nasdaq’s continued listing requirements regarding the minimum bid price, while remaining committed to our expansion and growth objectives for Singapore and the region,” said Norman Schroeder, SIMPPLE’s chief executive.

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