Singapore, Jan. 6, 2025 — SIMPPLE Ltd (Nasdaq: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider in facilities management, announced it regained compliance with Nasdaq’s minimum bid price requirement on December 2, 2024. The Nasdaq Stock Market LLC formally notified the company of this on December 5, 2024. This compliance satisfies Nasdaq Listing Rule 5550(a)(2), which mandates a minimum $1.00 per share bid price.
Consequently, SIMPPLE’s Nasdaq Hearings Panel hearing is canceled.
SIMPPLE CEO Norman Schroeder stated that regaining compliance marks a significant achievement, positioning the company for future growth. He thanked shareholders, partners, and employees for their ongoing support.
About SIMPPLE LTD.
Based in Singapore, SIMPPLE LTD. is a PropTech company offering advanced technology solutions for autonomous facilities management. Established in 2016, SIMPPLE serves over 60 clients in Singapore’s public and private sectors, expanding into Australia and the Middle East. The company’s proprietary SIMPPLE Ecosystem automates building maintenance, surveillance, and cleaning using software and hardware, including robotics and IoT devices.
For more information on SIMPPLE, please visit: /
Safe Harbour Statement
This press release includes forward-looking statements. These statements, whether oral or written, are based on current information and expectations regarding future events. Such statements pertain to financial performance, revenue and earnings growth, and business prospects. Forward-looking statements use terms like “may,” “should,” “expects,” “anticipates,” “estimates,” “believes,” “plans,” or similar expressions. Factors influencing these statements include the company’s ability to adapt, keep up with technological advancements and market demands, and navigate its competitive landscape. Actual results may differ materially.
Forward-looking statements are predictions only. The events discussed in this release, and other statements made by the company, may not materialize. Actual events and outcomes are subject to risks, uncertainties, and assumptions. The company is not obligated to update any forward-looking statements.
For investor and media inquiries, please contact:
SIMPPLE LTD.
Investor Relations Department
Email: ir@simpple.ai
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Tel: (646) 893-5835
Email: info@skylineccg.com
CONTACT: For investor and media queries, please contact: SIMPPLE LTD. Investor Relations Department Email: ir@simpple.ai SKYLINE CORPORATE COMMUNICATIONS GROUP, LLC Scott Powell President Email: info@skylineccg.com
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