Singapore, July 24, 2025 (Globe Newswire) – Simple Ltd. (Nasdaq: SPPL) (“Simple” or “The Company”), A leading technology supplier and innovator in the Facilities Management sector (FM) today announced that it has received a notification from the Nasdaq Stock Market LLC (“Nasdaq”) that the company has informed that the company needs compliance with the Nasdaq Capital’s Eisquture and annual shareholders. Nasdaq rules.
As reported earlier in the form 6-k of the company of January 21, 2025, the company did not meet the equity of the minimum shareholders of $ 2,500,000 as required for continuous mention on Nasdaq set out in Nasdaq Listing Rule 5550 (1).
The company has since submitted a form 6-K of 7 July 2025, which states that the company had held a series of purchase agreements for securities with investors to increase total gross revenue of $ 2.0 million as a result of the sale of 1,333.334 shares by a private investment in public Equity (pipe). As a result of the closure of private placement on 30 June 2025, the equity of the shareholders of the company $ 2.5 million exceeded. Simple is planning to use the net yield of the pipe to promote the development of its technologies, extensive pipeline and global expansion.
On July 22, 2025, Nasdaq informed the company that the company complies with the Lijststregel 5550 (B) (1), subject to the disclosure of the company in a form 6-K no later than 25 July 2025, which enabled a description of the completed transaction or event to comprehend the individuality of the stock owners. Nasdaq will continue to follow the continuous compliance with the company of the shareholders’ own capital needs and, if the company does not prove any compliance at the time of its next periodic report, it can be removed. At that time, the staff will provide written notification to the company, which can then appeal to the determination of the staff in a hearing panel.
“We are pleased to successfully regain compliance with the continuous list requirements of Nasdaq and to consider this latest notification as an important milestone that underlines our broader business objectives,” said Norman Schroeder, Chief Executive of Simipple. “We believe that it is an important result that goes into the credibility of Simple and the best importance of our valued investors, partners and stakeholders, while we continue to invest in our technological progress and global growth motifs.”
The company will continue to follow its continuous compliance with all applicable Nasdaq lists and will offer further updates if necessary.
About Simple Ltd.
With head office in Singapore, Simple Ltd. is an advanced supplier of technology solution in the emerging proptech room, aimed at helping owners and managers to manage facilities autonomously. Founded in 2016, the company has a strong position in the market for facilities management of Singapore, with more than 60 customers in both public and private sectors and extending from Singapore to Australia and the Central East. The company has developed its own Simple Ecosystem to create an automated tool management tool for building maintenance, supervision and cleaning consisting of a mix of software and hardware solutions such as robotics (both cleaning and security) and internet-of-things (IoT “) delivers.
For more information about Simple, go to: https://www.simple.ai
Safe Harbor Statement
This press release contains future -oriented statements. Moreover, we or our representatives can make a future -oriented statements orally or in writing from time to time. We base these future -oriented explanations on our expectations and projections on future events that we derive from the information that is currently available for us. Such future -oriented statements relate to future events or our future performance, including: our financial performance and projections; our growth of income and income; And our business prospects and opportunities. You can identify future -oriented explanations of those who are not historically in nature, in particular those who use terminology such as “May”, “Should”, “expected”, “anticipates”, “contemplates”, “estimates”, “Plans”, “Projected”, “Predict”, or “Potentially” Potentially “,” Potentially “Potential” Potentially “,” Potentially “Potentially”, Potentially “, or the Potential” Potential, When evaluating these future -oriented statements you must take into account various factors, including: our ability to change the direction of the company; our ability to keep pace with new technology and changing market needs; And the competitive environment of our company. These and other factors can cause our actual results to vary substantially from any future -oriented explanation.
Forward -looking statements are just predictions. The future -oriented events that are discussed in this press release and other statements from time to time by us or our representatives cannot take place and the actual events and results may differ material and are subject to risks, uncertainties and assumptions about us. We are not obliged to publicly update or revise a future -oriented statement, either as a result of uncertainties and assumptions, the future -oriented events discussed in this press release and other statements made by us or our representatives from time to time may not take place.
