Simpple Ltd. Likely Meets Nasdaq Listing Requirements

Simpple Ltd. is a tech company that provides a proprietary ecosystem solution for facility management, automating workflow and workforce in areas such as building maintenance, security, and janitorial services. The company offers software, robotic solutions, IoT devices, and professional services. Simpple has met the equity and AGM Nasdaq listing requirements.

Simpple Ltd. (SPPL), a technology provider specializing in facilities management, has been making significant strides in regaining compliance and expanding its market presence. The company, which offers integrated IoT-enabled solutions through autonomous robotics and enterprise software, has recently achieved key milestones that reflect its commitment to growth and innovation.

Regaining Compliance

In June 2025, Simpple Ltd. successfully regained compliance with Nasdaq's minimum bid price requirement. The company's stock maintained a closing bid price of $1.00 or higher for 14 consecutive business days, fulfilling Nasdaq's Rule 5550(a)(2) [1]. This compliance was crucial as it allowed the company to avoid potential delisting and maintain its listing on the Nasdaq Capital Market. The formal notice of compliance was received on April 28, 2025 [1].

Additionally, Simpple Ltd. held its Annual General Meeting (AGM) on June 30, 2025, where shareholders approved all proposed resolutions put forward by the Board of Directors. Key approvals included the confirmation of the company's 2024 financial statements, the appointment of Audit Alliance LLP as independent auditor, and the re-election of all nominated Board members, including Mr. Lee Soon Sze Kelvin as Chairman, for a one-year term until the 2026 AGM [2].

Market Expansion and Product Launches

Simpple Ltd. has been actively expanding its market presence and product offerings. In April 2025, the company launched the Orion robot, a multi-functional device featuring real-time security surveillance, digital concierge support, and intelligent cleaning capabilities. The Orion robot is equipped with advanced dual compute modules, 32-beam 3D LiDAR, and precision navigation systems, allowing it to operate independently or integrate with existing CCTV systems [3].

Moreover, Simpple Ltd. has secured a second contract worth $524,000 to supply autonomous cleaning robots at Singapore's international airport terminal. This follows their initial contract of $400,000 announced in November 2024 for similar services. The company has maintained an eight-year partnership with the Singapore airport, providing facilities management technology solutions [4].

Financial and Leadership Changes

Simpple Ltd. has also seen changes in its financial leadership. Mr. Gary Goh was appointed as the new Chief Financial Officer, effective January 22, 2025, replacing Mr. Sovik Bromha who resigned as CFO effective April 14, 2025 [5]. Goh brings extensive experience in audit, accounting, and financial advisory across various industries and holds multiple professional certifications.

Outlook

Simpple Ltd. continues to focus on innovation and market expansion. The company's recent achievements in regaining compliance and securing new contracts demonstrate its commitment to long-term growth and shareholder value. As the company looks to the future, its strategic partnerships and technological advancements position it well to capitalize on the growing demand for integrated facilities management solutions.

References

[1] Simpple Ltd. Regains Compliance with Nasdaq’s Minimum Bid Price Requirement. Stocktitan.net. Retrieved from https://www.stocktitan.net/news/SPPL/ [2] Simpple Ltd. Announces Results of AGM. Stocktitan.net. Retrieved from https://www.stocktitan.net/news/SPPL/ [3] Simpple Ltd. Launches New Multi-Functional Robot "Orion". Stocktitan.net. Retrieved from https://www.stocktitan.net/news/SPPL/ [4] Simpple Ltd. Wins Second Contract, Worth $524,000, to Supply Autonomous Cleaning Robots at Singapore Airport Terminal. Stocktitan.net. Retrieved from https://www.stocktitan.net/news/SPPL/ [5] Simpple Ltd. Announces Transition of Chief Financial Officer. Stocktitan.net. Retrieved from https://www.stocktitan.net/news/SPPL/