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SIMPPLE Ltd. Provides Compliance Updates with Nasdaq’s Continued Listing Requirements
Globenewswire· 2025-07-01 16:30
Core Insights - SIMPPLE Ltd. has regained compliance with Nasdaq's minimum shareholders' equity requirement due to strong financial performance and a successful financing round [1][2] - The company believes its shareholders' equity is above the Nasdaq requirement of $2.5 million, aided by a private investment in public equity (PIPE) offering that raised $2,000,001 [2] - SIMPPLE has successfully held its Annual General Meeting (AGM), fulfilling Nasdaq's requirement for annual shareholder meetings [3] Financial Performance - The increase in shareholders' equity is attributed to robust operating performance in the first half of 2025 and the recent PIPE offering [2] - The company projects continued compliance with shareholders' equity requirements by year-end based on internal forecasts [2] Corporate Governance - The AGM was held on June 30, 2025, at 9:00 am Eastern Time, satisfying Nasdaq Listing Rule 5620(a) [3] - The company plans to rely on Cayman Islands home country exemption for future AGM requirements [3] Company Overview - SIMPPLE Ltd. is a technology provider in the facilities management sector, focusing on autonomous management solutions [5] - Founded in 2016 and headquartered in Singapore, the company serves over 60 clients in both public and private sectors, with expansion into Australia and the Middle East [5] - The proprietary SIMPPLE Ecosystem includes software and hardware solutions for building maintenance, surveillance, and cleaning, utilizing robotics and IoT devices [5]
SIMPPLE Ltd. Announces Results of AGM
Globenewswire· 2025-07-01 12:30
Company Overview - SIMPPLE Ltd. is a leading technology provider in the facilities management sector, focusing on autonomous management solutions for facilities owners and managers [2] - The company was founded in 2016 and is headquartered in Singapore, serving over 60 clients in both public and private sectors, with expansion into Australia and the Middle East [2] - SIMPPLE has developed the proprietary SIMPPLE Ecosystem, which includes a mix of software and hardware solutions such as robotics and IoT devices for building maintenance, surveillance, and cleaning [2] Annual General Meeting Results - All proposals submitted by the Board of Directors were approved at the Annual General Meeting held on June 30, 2025 [1][2] - The financial statements for the year ended December 31, 2024, were confirmed [5] - Audit Alliance LLP was appointed as the independent auditor until the next AGM, with remuneration to be delegated to the Board of Directors [5] - All nominated Board of Directors, including Mr. Lee Soon Sze Kelvin as Chairman, were re-elected for a one-year term ending at the conclusion of the 2026 AGM [5]
SIMPPLE Ltd. Announces Transition of Chief Financial Officer
Newsfilter· 2025-02-28 11:30
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].