The SIMPPLE team
Singaporean proptech company SIMPPLE has commenced trading on the Nasdaq Capital Market under the ticker symbol “SPPL”.
The company has listed 1.6 million shares on the Nasdaq at US$5.25 apiece and expects to raise aggregate gross proceeds of US$8.4 million from the offering of about
The offering is expected to close on or about September 15, 2023.
The capital will be used for R&D, IP strategy and implementation, scaling up sales and marketing into overseas markets, opening selected satellite offices, potential acquisitions and strategic investments, and working capital and general corporate purposes.
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Founded in 2016, SIMPPLE is an advanced technology solution provider in the emerging proptech space, focused on helping facilities owners and managers manage facilities autonomously.
The company has developed its proprietary SIMPPLE Ecosystem to create an automated workforce management tool for building maintenance, surveillance and cleaning comprised of a mix of software and hardware solutions such as robotics (both cleaning and security) and IoT devices.
SIMPPLE claims it has over 60 public and private clients and plans to expand into Australia and the Middle East.
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Image Credit: SIMPPLE.
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