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

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 25
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the sale of certain securities, which are referred to as “covered securities.” Because we expect that our Shares will be
listed on Nasdaq, such securities will be covered securities. Although the states are pre-empted from regulating the sale of our securities,
the federal statute does allow the states to investigate companies if there is a suspicion of fraud, and, if there is a finding of fraudulent
activity, then the states can regulate or bar the sale of covered securities in a particular case. Further, if we were no longer listed
on Nasdaq, our securities would not be covered securities and we would be subject to regulations in each state in which we offer our
securities.

We
are an emerging growth company within the meaning of the Securities Act and may take advantage of certain reduced reporting requirements.

We
are an “emerging growth company,” as defined in the JOBS Act, and we may take advantage of certain exemptions from requirements
applicable to other public companies that are not emerging growth companies, including, most significantly, not being required to comply
with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act for so long as we remain an emerging growth
company. As a result, if we elect not to comply with such auditor attestation requirements, our investors may not have access to certain
information they may deem important.

The
JOBS Act also provides that an emerging growth company does not need to comply with any new or revised financial accounting standards
until such date that a private company is otherwise required to comply with such new or revised accounting standards. We do not plan
to “opt out” of such exemptions afforded to an emerging growth company. As a result of this election, our financial statements
may not be comparable to those of companies that comply with public company effective dates.

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We
are a foreign private issuer within the meaning of the rules under the Exchange Act, and as such we are exempt from certain provisions
applicable to U. S. domestic public companies.

As
a company incorporated in the Cayman Islands, we are permitted to adopt certain home country practices in relation to corporate governance
matters that differ significantly from the Nasdaq Capital Market corporate governance requirements; these practices may afford less protection
to shareholders than they would enjoy if we complied fully with the Nasdaq Capital Market corporate governance requirements. We plan
to rely on home country practice in lieu of Nasdaq’s Capital Market’s corporate governance requirements to hold an annual