Simpple Ltd. Re-complies with Nasdaq Listing Rule
Ticker: SPPL · Form: 6-K · Filed: Dec 16, 2024 · CIK: 1948697
| Field | Detail |
|---|---|
| Company | Simpple Ltd. (SPPL) |
| Form Type | 6-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: listing-compliance, nasdaq, regulatory
Related Tickers: SIMP
TL;DR
Simpple Ltd. is back in compliance with Nasdaq's minimum bid price rule after getting a notice on April 26, 2024.
AI Summary
Simpple Ltd. is re-complying with Nasdaq Listing Rule 5550(a)(2) after previously receiving a notification from Nasdaq on April 26, 2024, regarding its closing bid price. The company is submitting this Form 6-K for the month of December 2024 to report on this ongoing compliance effort.
Why It Matters
This filing indicates Simpple Ltd. is actively working to meet Nasdaq's minimum bid price requirement, which is crucial for maintaining its listing on the exchange.
Risk Assessment
Risk Level: medium — While the company is addressing the Nasdaq listing rule, the initial notification suggests a prior period of non-compliance, which could indicate underlying business challenges.
Key Players & Entities
- SIMPPLE LTD. (company) — Registrant
- Nasdaq (company) — Stock Exchange
- April 26, 2024 (date) — Date of Nasdaq notification
FAQ
What specific closing bid price did Simpple Ltd. need to meet for Nasdaq Listing Rule 5550(a)(2)?
The filing mentions the rule but does not specify the exact minimum bid price required.
What was the period during which Simpple Ltd.'s closing bid price was reviewed by Nasdaq?
The filing states the notification was based on the Company's closing bid price for a period, but the exact duration is not detailed in this excerpt.
Has Simpple Ltd. provided evidence of re-compliance to Nasdaq?
The filing indicates the company is re-complying, suggesting actions are being taken, but does not explicitly state that evidence has been submitted or accepted yet.
What are the potential consequences if Simpple Ltd. fails to re-comply with Nasdaq Listing Rule 5550(a)(2)?
Failure to comply with listing rules can lead to delisting from the Nasdaq stock exchange.
Is this Form 6-K related to financial results or operational updates?
This Form 6-K specifically addresses the company's compliance status with a Nasdaq listing rule, not financial results or general operational updates.
Filing Stats: 336 words · 1 min read · ~1 pages · Grade level 15.2 · Accepted 2024-12-16 09:15:04
Key Financial Figures
- $1 — o;), to maintain a minimum bid price of $1 per share. The Company was provided 180
Filing Documents
- form6-k.htm (6-K) — 18KB
- 0001493152-24-050127.txt ( ) — 19KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SIMPPLE LTD. Date: December 16, 2024 By: /s/ Schroeder Norman Name: Schroeder Norman Title: Chief Executive Officer and Director 3