Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 13

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 13
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 locate suitable acquisition candidates, acquire possible
acquisition candidates, acquire such candidates on commercially reasonable terms, or integrate acquired businesses successfully in the
future. Future acquisitions, including those we may consummate in the near term, may require us to incur additional debt and contingent
liabilities, which may adversely affect our business, results of operations and combined financial condition. The process of integrating
acquired businesses into our existing operations may result in operating, contractual and supply chain difficulties, such as the failure
to retain customers or management personnel. Such difficulties may divert significant financial, operational and managerial resources
from our existing operations, and make it more difficult to achieve our operating and strategic objectives.

We
may be subject to claims against us relating to any acquisition or business combination.

There
may be liabilities assumed in any acquisition or business combination that we did not discover or that we underestimated in the course
of performing our due diligence. Although a seller generally will have indemnification obligations in favor of us under an acquisition
or merger agreement, these obligations will usually be subject to financial limitations, such as general deductibles and maximum recovery
amounts, as well as time limitations. We cannot ensure that our right to indemnification from any sellers will be enforceable, collectible
or sufficient in amount, scope or duration to fully offset the amount of any undiscovered or underestimated liabilities that we may incur.
Any such liabilities, individually or collectively, could have a material and adverse effect on our prospects, business and financial
results.

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We
incur significant expenses and devote other significant resources and management time as a result of being a public company, which may
negatively impact our financial performance and could cause our results of operations and financial condition to suffer.

We
incur significant legal, accounting, insurance and other expenses as a result of being a public company. Laws, regulations and standards
relating to corporate governance and public disclosure for public companies, including the Dodd-Frank Act of 2010, the Sarbanes-Oxley
Act, regulations related thereto and the rules and regulations of the SEC and Nasdaq, significantly increases our costs as well as the
time that must be devoted to compliance matters. We expect that compliance with these laws, rules, regulations and standards will substantially
increase our expenses, including our legal and accounting costs, and make some of our operating activities more time-consuming and costly.
These public company obligations also require attention from our senior management and could divert their attention away from the