SIMPPLE Ltd. announced on July 24, 2025, that it received notice from The Nasdaq Stock Market LLC on July 22, 2025, confirming full compliance with the Nasdaq Capital Market’s minimum stockholders’ equity requirement and annual shareholder meeting requirement.
This notification follows the company's previous report on July 7, 2025, detailing the execution of securities purchase agreements for a private investment in public equity (PIPE). This PIPE offering raised aggregate gross proceeds of $2.0 million from the sale of 1,333,334 shares, resulting in shareholders’ equity exceeding $2.5 million as of June 30, 2025.
The full resolution of these compliance issues, including the minimum bid price requirement addressed earlier, removes all immediate delisting threats. The company intends to use the net proceeds from the PIPE to advance technology development, expand its pipeline, and support global expansion initiatives.
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