Ryde Group Ltd. announced that NYSE American had accepted its plan to regain compliance with the exchange's continued listing standards. This development follows a notice received on May 21, 2025, regarding non-compliance with Section 1003(a)(ii) of the Company Guide.
The previous non-compliance was due to the company having stockholders' equity of less than US$4.0 million and reporting net losses in three of its four most recent fiscal years. The acceptance of the plan mitigates a significant operational risk for Ryde.
This resolution provides greater stability and certainty for the company's listing status on NYSE American. It demonstrates Ryde's commitment to addressing regulatory requirements and maintaining its presence on a major U.S. stock exchange.
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