SIMPPLE Ltd. Comments on Plan to Regain Nasdaq Compliance

Quick Summary:

On October 31, SIMPPLE filed this request, which allows the Company’s ordinary shares to remain listed on the Nasdaq Capital Market until such time as Nasdaq renders a decision, and offers any extension, in connection with this hearing.   The Company plans to regain compliance includes effecting a reverse stock split aimed at increasing the Company’s share price to meet Nasdaq’s listing standards.

On October 25, 2024, SIMPPLE announced it had, on the previous day, received written notice from the Listing Qualifications Staff of Nasdaq stating that the Company had not regained compliance with Nasdaq Listing Rules 5550(a)(2) ("the Rule”) to maintain a minimum bid price of $1 per share for the 180-day period culminating on October 23, 2024, and was thus not eligible for a second 180-day period.

Singapore, Nov.05, 2024 (GLOBE NEWSWIRE) -- SIMPPLE Ltd.(NASDAQ: SPPL) ("SIMPPLE” or "the Company”), a leading technology provider and innovator in the facilities management sector, today announced details of its plan to regain compliance on the Nasdaq.

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Article Details

Author / Journalist: SIMPPLE Ltd.

Category: Technology

Markets: ChinaAustraliaSingapore

Topics: KYG8192U1076 Nasdaq:SPPL

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 13:30:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

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