Simpple Ltd. Faces Nasdaq Equity Deficiency
Ticker: SPPL · Form: 6-K · Filed: Jan 21, 2025 · CIK: 1948697
| Field | Detail |
|---|---|
| Company | Simpple Ltd. (SPPL) |
| Form Type | 6-K |
| Filed Date | Jan 21, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $950,980, $2,500,000 |
| Sentiment | bearish |
Sentiment: bearish
Topics: listing-compliance, equity-deficiency, sec-filing
TL;DR
Nasdaq says Simpple Ltd. doesn't have enough equity, risking delisting.
AI Summary
On January 16, 2025, SIMPPLE LTD. received a letter from Nasdaq indicating a stockholders' equity deficiency. The company is currently non-compliant with Nasdaq's minimum stockholders' equity requirement.
Why It Matters
This deficiency could lead to delisting from Nasdaq if not addressed, impacting the company's ability to raise capital and its stock's liquidity.
Risk Assessment
Risk Level: medium — A stockholders' equity deficiency directly impacts compliance with exchange listing rules and could lead to delisting.
Key Players & Entities
- SIMPPLE LTD. (company) — Company receiving Nasdaq letter
- Nasdaq (company) — Exchange issuing deficiency letter
- January 16, 2025 (date) — Date Simpple Ltd. received the Nasdaq letter
FAQ
What specific Nasdaq rule is SIMPPLE LTD. non-compliant with?
The filing states SIMPPLE LTD. is non-compliant with the minimum stockholders' equity requirement, as per the Nasdaq Stockholders' Equity Deficiency Letter.
When did SIMPPLE LTD. receive the deficiency letter from Nasdaq?
SIMPPLE LTD. received the Nasdaq Stockholders' Equity Deficiency Letter on January 16, 2025.
What is the name of the letter SIMPPLE LTD. received from Nasdaq?
The letter received from Nasdaq is referred to as the 'Nasdaq Stockholders' Equity Deficiency Letter'.
What is the principal executive office address of SIMPPLE LTD.?
The principal executive offices of SIMPPLE LTD. are located at 71 Ayer Rajah Crescent #03-07, Singapore 139951.
Does SIMPPLE LTD. file annual reports under Form 20-F or Form 40-F?
SIMPPLE LTD. indicates it files annual reports under Form 20-F.
Filing Stats: 649 words · 3 min read · ~2 pages · Grade level 18 · Accepted 2025-01-17 19:00:05
Key Financial Figures
- $950,980 — reported stockholders’ equity of $950,980 for the period ended June 30, 2024 does
- $2,500,000 — oes not meet the minimum requirement of $2,500,000 in stockholders’ equity for conti
Filing Documents
- form6-k.htm (6-K) — 23KB
- ex99-1.htm (EX-99.1) — 14KB
- ex99-1_001.jpg (GRAPHIC) — 3KB
- 0001493152-25-002851.txt ( ) — 41KB
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: January 17, 2025 By: /s/ Schroeder Norman Name: Schroeder Norman Title: Chief Executive Officer and Director 3