SIMPPLE Ltd. Fully Regains Compliance with Nasdaq’s Continued Listing Requirements

Core Viewpoint - SIMPPLE Ltd. has regained compliance with Nasdaq's minimum stockholders' equity requirement and annual shareholder meeting requirement, marking a significant milestone for the company [1][4][5]. Financial Compliance - The company previously did not meet the minimum stockholders' equity requirement of $2,500,000 as per Nasdaq Listing Rule 5550(b)(1) [2]. - Following a private investment in public equity (PIPE) transaction, SIMPPLE raised $2.0 million through the sale of 1,333,334 shares, which increased its shareholders' equity above the required threshold [3]. Nasdaq Notification - On July 22, 2025, Nasdaq confirmed that SIMPPLE complies with the Listing Rule 5550(b)(1), contingent upon the company filing a Form 6-K by July 25, 2025, detailing the transaction that enabled compliance [4]. - Nasdaq will continue to monitor the company's compliance, with potential consequences for future non-compliance [4]. Company Strategy and Outlook - The CEO of SIMPPLE expressed that regaining compliance is a key milestone that enhances the company's credibility and aligns with its broader business objectives [5]. - The company plans to utilize the net proceeds from the PIPE to further develop its technologies and support global expansion efforts [3][5]. Company Overview - SIMPPLE Ltd. is a technology provider in the facilities management sector, focusing on autonomous management solutions for facilities [6]. - Founded in 2016 and headquartered in Singapore, the company serves over 60 clients across public and private sectors and is 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].