SIMPPLE Ltd. announced on January 6, 2025, that it received formal notice from The Nasdaq Stock Market LLC on December 5, 2024. The notice confirmed that the company had regained compliance with Nasdaq Capital Market’s minimum bid price requirement as of December 2, 2024.
The Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share. With this compliance, the company's scheduled hearing before the Nasdaq Hearings Panel has been cancelled.
This achievement is a key milestone in addressing past issues and positioning the company for sustained long-term growth. It removes a significant regulatory concern that could have impacted the company's listing status.
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