Core Viewpoint - SIMPPLE Ltd. announces the resignation of CFO Sovik Bromha and the appointment of Gary Goh as the new CFO, effective January 22, 2025, to enhance financial operations and support long-term growth objectives [1][4]. Group 1: Management Changes - Mr. Sovik Bromha will resign as CFO effective April 14, 2025, to pursue other business opportunities [1]. - Gary Goh has been appointed as the new CFO, effective January 22, 2025, succeeding Sovik Bromha [1]. - Gary Goh brings over 15 years of experience in finance and accounting, having founded GYSG Group and previously worked at KPMG [2]. Group 2: Company Strategy and Operations - Gary Goh will oversee financial operations, enterprise-wide optimization, and capital allocation activities, playing a key role in guiding the company's strategy [1][4]. - The company has updated its governance framework and finance controls to comply with SEC and NASDAQ regulations [3]. - SIMPPLE aims to revolutionize facilities management through advanced technologies, focusing on autonomous management solutions [6]. Group 3: Company Background - SIMPPLE Ltd. is headquartered in Singapore and operates in the PropTech space, serving over 60 clients in both public and private sectors [6]. - The company has developed the SIMPPLE Ecosystem, which includes automated workforce management tools for building maintenance and surveillance [6].

Core Viewpoint - SIMPPLE Ltd. has received notifications from Nasdaq regarding non-compliance with minimum stockholders' equity and annual meeting requirements, which could affect its continued listing status [1][2][3]. Financial Compliance - The company's stockholders' equity was reported at $950,980 as of June 30, 2024, which is below the required minimum of $2,500,000 for Nasdaq listing [2]. - The company failed to hold an annual meeting of shareholders within twelve months of its fiscal year-end, violating Nasdaq Listing Rules [3]. Compliance Plan - SIMPPLE has been given 45 calendar days, until March 3, 2025, to submit a plan to regain compliance with the stockholders' equity and annual meeting requirements [4]. - The company is actively developing a plan to increase stockholders' equity and aims to file this plan with Nasdaq by the deadline [5]. Company Overview - SIMPPLE Ltd. is an advanced technology solution provider in the PropTech sector, focusing on autonomous facility management [6]. - Founded in 2016 and headquartered in Singapore, the company serves over 60 clients across public and private sectors, expanding into Australia and the Middle East [6]. - The company has developed the SIMPPLE Ecosystem, which includes a mix of software and hardware solutions for building maintenance, surveillance, and cleaning [6].

Singapore, Jan. 17, 2025 (GLOBE NEWSWIRE) -- SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), an advanced technology solution provider in the emerging property-technology (“PropTech”) space, today announced that it has received letters from the Listing Qualification staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that the Company does not meet the minimum stockholders’ equity requirement and annual meeting requirement. As reported in the Company’s Form 6-K dated December 30, 2024, ...

Core Insights - SIMPPLE Ltd. has experienced transformative growth in 2024, focusing on innovative product solutions and international expansion, supported by proprietary systems and A.I.-driven analytics [1][16][19] Human Resource Strategy and Reorganization - The company undertook a strategic review and reshuffle of its leadership team to enhance organizational continuity and retain critical competencies [2][3] Product Development and Commercialization - Significant advancements were made in the robotics division, including the deployment of autonomous cleaning robots and the launch of the multifunctional robot Gemini, which integrates security and cleaning capabilities [4][5] - The global service robotics market is projected to grow at a CAGR of 30.25%, reaching $90.4 billion from 2024 to 2028, driven by advanced technologies and government investments [6] Software and Artificial Intelligence - SIMPPLE is expanding its service offerings to include energy, lighting, and asset management, aiming to reduce environmental impact and operational costs [6][7] - The company has developed the SIMPPLE A.I. platform, enhancing integrated facility operations through advanced analytics and system integration [8][9] Strategic Partnerships and International Expansion - SIMPPLE has established a presence in Australia and expanded into Southeast Asia, with distribution agreements in multiple countries, reflecting a growing global footprint [10] - The company is engaged in partnership discussions in Europe and the USA, aiming to enhance its international reach [10] Diversified Revenue Streams with ESG and Intellectual Property - A joint venture with Evolve Consulting ApS was signed to provide ESG audit and reporting capabilities, addressing the demand for sustainability-focused solutions [11] - The global compliance management software market is expected to grow at a CAGR of 10.9%, from $33.1 billion in 2024 to $75.8 billion by 2031, driven by sustainability and regulatory compliance [12] Office Expansion and Relocation Expected in 2025 - SIMPPLE is seeking a larger office space to support its growth strategy, expected to be completed by Q1 2025, enhancing collaboration and innovation [14][15] Outlook for 2025 - The company is positioned for continued growth with a strengthened leadership team and diversified service offerings, focusing on operational efficiency and innovation [16][18] - SIMPPLE regained compliance with Nasdaq listing requirements in December 2024, reinforcing its financial stability [17]

Singapore, Jan. 06, 2025 (GLOBE NEWSWIRE) -- SIMPPLE Ltd (Nasdaq: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management sector, today announced that on December 5, 2024 the Company received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) that on December 2, 2024, 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 re ...

Singapore, Jan. 06, 2025 (GLOBE NEWSWIRE) -- SIMPPLE Ltd (NASDAQ:SPPL) ("SIMPPLE" or "the Company"), a leading technology provider and innovator in the facilities management sector, today announced that on December 5, 2024 the Company received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") that on December 2, 2024, 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 req ...

SIMPPLE LTD. AND ITS SUBSIDIARIES INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | | Page | | --- | --- | | Financial Statements: | | | Unaudited Condensed Consolidated Balance Sheets as of December 31, 2023 and June 30, 2024 | F-2 | | Unaudited Condensed Consolidated Statements of Income for the Six Months Ended June 30, 2023 and 2024 | F-3 | | Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equity for the Six Months Ended June 30, | F-4 | | 2023 and 2024 | | | Unaud ...

Singapore, Nov. 15, 2024 (GLOBE NEWSWIRE) -- SIMPPLE Ltd. (Nasdaq: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management (FM) sector, today announced that the Company has been awarded a $400,000 contract for the supply of autonomous cleaning robotics at one of Singapore’s international airport terminals. This robot tender success comes as part of the airport’s renewal program and complements the existing fleet of autonomous cleaning robots across its ai ...

Core Insights - SIMPPLE Ltd has signed a partnership agreement with Mode Technology to distribute SIMPPLE Robotics and its flagship software platform in New Zealand, aiming to penetrate the local cleaning robotics market [1][3] - The partnership is projected to generate an additional $1.1 million in revenue by the end of 2024, with $125,000 already received from the sale of 10 cleaning robots [2][4] - SIMPPLE Robotics won the Service and Technology Award at CleanNZ Expo 2024, highlighting its innovative solutions in the cleaning and facility management sector [3][4] Company Overview - SIMPPLE Ltd, headquartered in Singapore, specializes in advanced technology solutions for facilities management, focusing on autonomous management tools [5] - The company has established a strong presence in Singapore, serving over 60 clients across public and private sectors, and is expanding into Australia and the Middle East [5] - SIMPPLE has developed the SIMPPLE Ecosystem, which integrates software and hardware solutions, including robotics and IoT devices, for building maintenance and cleaning [5] Mode Technology Overview - Mode Technology is a New Zealand-based company known for its customer-driven innovation in robotic automation and commercial cleaning [6] - The company serves various sectors, including education, healthcare, aviation, and facilities management, emphasizing productivity and cost-efficiency [6] - Mode Technology's agile approach has made it a trusted partner for numerous clients in both public and private sectors [6]

CHRISTCHURCH, New Zealand, Nov. 05, 2024 (GLOBE NEWSWIRE) -- SIMPPLE Australia Pty Ltd, a subsidiary of SIMPPLE Ltd. (NASDAQ: SPPL, “SIMPPLE”, “the Company”) and a leading technology provider in the integrated facility management sector, today announced their joint participation with New Zealand-based robotic automation and commercial cleaning equipment provider, Mode Technology, exhibiting a leading range of Robotic products and flagship SIMPPLE Software platform at the New Zealand Cleaning (CleanNZ) Expo ...