Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 23

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 23
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. Holders of the Ordinary Shares may also not be able to readily
liquidate their investment or may be forced to sell at depressed prices due to low volume trading. Broad market fluctuations and general
economic and political conditions may also adversely affect the market price of the Ordinary Shares. As a result of this volatility,
investors may experience losses on their investment in the Ordinary Shares. A decline in the market price of the Ordinary Shares also
could adversely affect our ability to sell additional Ordinary Shares or other securities and our ability to obtain additional financing
in the future. No assurance can be given that an active market in the Ordinary Shares will develop or be sustained. If an active market
does not develop, holders of the Ordinary Shares may be unable to readily sell the Ordinary Shares they hold or may not be able to sell
their Ordinary Shares at all.

In
the past, shareholders have filed securities class action litigation following periods of market volatility. If we were to become involved
in securities litigation, it could subject us to substantial costs, divert resources and the attention of management from our business,
and adversely affect our business.

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  Table of Contents  

We
may require additional funding in the form of equity or debt for our future growth which will cause dilution in Shareholders’ equity
interest.

We
may pursue opportunities to grow our business through joint ventures, strategic alliance, acquisitions, or investment opportunities.
However, there can be no assurance that we will be able to obtain additional funding on terms that are acceptable to us or at all. If
we are unable to do so, our future plans and growth may be adversely affected.

An
issue of Shares or other securities to raise funds will dilute Shareholders’ equity interests and may, in the case of a rights
issue, require additional investments by Shareholders. Further, an issue of Shares below the then prevailing market price will also affect
the value of Shares then held by investors.

Dilution
in Shareholders’ equity interests may occur even if the issue of shares is at a premium to the market price. In addition, any additional
debt funding may restrict our freedom to operate our business as it may have conditions that:

  limit our ability to pay dividends                                                                                                  
  increase our vulnerability to general adverse economic                                                                              
  require us to dedicate a portion of our cash flow from                                                                              
  limit our flexibility in planning for, or reacting                                                                                  

The
current disruptions, volatility or uncertainty of the credit markets could limit our ability to borrow funds