SIMPPLE Ltd. Regains Nasdaq Compliance After Raising Equity Through Private Investment

Reuters
07/25
<a href="https://laohu8.com/S/SPPL">SIMPPLE Ltd.</a> Regains Nasdaq Compliance After Raising Equity Through Private Investment

Simpple Ltd., a leading technology provider in the facilities management sector, has successfully regained compliance with Nasdaq's continued listing requirements. The company announced on July 24, 2025, that it has met the Nasdaq Capital Market's minimum stockholders' equity and annual shareholder meeting requirements, as outlined in Nasdaq Listing Rules. This development follows a previous non-compliance issue reported in January 2025, where the company's stockholders' equity fell below the required $2.5 million. Simpple addressed this by executing securities purchase agreements to raise $2.0 million through a private investment in public equity, bringing their equity above the threshold. Norman Schroeder, Simpple's CEO, highlighted this achievement as a crucial milestone for the company and its stakeholders. Simpple plans to use the proceeds to further develop its technologies and support global expansion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Simpple Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9500427-en) on July 25, 2025, and is solely responsible for the information contained therein.

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