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SIMPPLE Ltd. has regained compliance with Nasdaq’s stockholders’ equity requirement, critical for its listing on the Nasdaq Capital Market. The company raised $2 million through a private investment in public equity (PIPE) completed on June 30, 2025, enabling it to exceed the necessary equity threshold of $2.5 million. Nasdaq confirmed this compliance on July 22, 2025, but will continue monitoring the company’s status moving forward.
Situated in Singapore, SIMPPLE specializes in technology solutions for facilities management and plans to utilize the PIPE proceeds for technology development and global expansion. CEO Norman Schroeder emphasized that regaining compliance is a significant milestone for the company’s credibility and growth ambitions.
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