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SIMPPLE Ltd. Regains Compliance with Nasdaq's Minimum Bid Price Requirement
Monday, 6th January at 8:30 am
Singapore, Jan. 06, 2025 (GLOBE NEWSWIRE) -- SIMPPLE Ltd (NASDAQ: SPPL) ("SIMPPLE" or "the Company"), a leading technology provider and innovator in the facilities management sector, today announced that on December 5, 2024 the Company received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") that on December 2, 2024, the Company has regained compliance with Nasdaq Capital Market's continued listing standard for the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.
Accordingly, the Company's scheduled hearing before the Nasdaq Hearings Panel is cancelled.
"This is a key milestone in our journey to address certain issues of the past and position the Company for sustained long-term growth," said SIMPPLE chief executive Norman Schroeder. "On behalf of our management team and Board, we express our sincere gratitude to our shareholders, partners, and employees for their continued support through this process."
Monday, 6th January at 8:30 am
Singapore, Jan. 06, 2025 (GLOBE NEWSWIRE) -- SIMPPLE Ltd (NASDAQ: SPPL) ("SIMPPLE" or "the Company"), a leading technology provider and innovator in the facilities management sector, today announced that on December 5, 2024 the Company received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") that on December 2, 2024, the Company has regained compliance with Nasdaq Capital Market's continued listing standard for the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.
Accordingly, the Company's scheduled hearing before the Nasdaq Hearings Panel is cancelled.
"This is a key milestone in our journey to address certain issues of the past and position the Company for sustained long-term growth," said SIMPPLE chief executive Norman Schroeder. "On behalf of our management team and Board, we express our sincere gratitude to our shareholders, partners, and employees for their continued support through this process."
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