Simpple (SPPL) said Friday it has regained compliance with Nasdaq's minimum bid price requirement.

The company said it received a notice from the exchange on April 28 confirming that its stock met the required minimum bid price of $1.00 per share, as outlined in the Nasdaq Listing Rule.

From April 7 to April 25, the stock traded at or above $1.00 for 14 consecutive business days, bringing the company back into compliance with Nasdaq's listing standards, it added.

Shares of Simpple were nearly 4.7% down in recent trading activity.

Price: 3.67, Change: -0.18, Percent Change: -4.68