SIMPPLE Ltd. plans reverse split to meet Nasdaq listing rules, but remains operational and confident.

From GlobeNewswire: 2024-11-05 08:30:00

SIMPPLE Ltd. revealed plans to regain compliance with Nasdaq listing rules after failing to meet the minimum bid price requirement. The company intends to request a hearing before the Nasdaq Hearings Panel and has filed for an extension to remain listed on the Nasdaq Capital Market. To meet the listing standards, SIMPPLE plans a reverse stock split. Despite the compliance issue, the company remains operational and has secured multiple contracts and partnerships in recent months. CEO Norman Schroeder expressed confidence in the company’s future opportunities and commitment to maintaining its Nasdaq listing.



Read more at GlobeNewswire: SIMPPLE Ltd. Comments on Plan to Regain Nasdaq Compliance