Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 22

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 3
Chunk 22
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prior to the purchase and must also provide certain written disclosures to the purchaser. Consequently, the “penny stock”
rules may restrict the ability of broker/dealers to sell our Shares, and may negatively affect the ability of holders of our Shares to
resell them. These disclosures require you to acknowledge that you understand the risks associated with buying penny stocks and that
you can absorb the loss of your entire investment. Penny stocks generally do not have a very high trading volume. Consequently, the price
of the shares is often volatile and you may not be able to buy or sell your shares when you want to.

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  Table of Contents  

The
market price of our Ordinary Shares may be volatile or may decline regardless of our operating performance, and you may not be able to
resell your shares at or above the Offer Price.

The
market price of our Ordinary Shares may fluctuate significantly in response to numerous factors, many of which are beyond our control,
including:

  actual or anticipated fluctuations                                                                                                        
  the financial projections we may provide to the public,                                                                                   
  actions of securities analysts who initiate or maintain                                                                                   
  announcements by us or our competitors of significant                                                                                     
  price and volume fluctuations in the overall stock                                                                                        
  lawsuits threatened or filed against us; and                                                                                              
  other events or factors, including those resulting                                                                                        

In
addition, the stock markets have experienced extreme price and volume fluctuations that have affected and continue to affect the market
prices of equity securities of many companies. Stock prices of many companies have fluctuated in a manner unrelated or disproportionate
to the operating performance of those companies. As a relatively small-capitalization company with relatively small public float, we
may experience greater stock price volatility, extreme price run-ups, lower trading volume and less liquidity than large-capitalization
companies. In particular, our Ordinary Shares may be subject to rapid and substantial price volatility, low volumes of trades and large
spreads in bid and ask prices. Such volatility, including any stock-run up, may be unrelated to our actual or expected operating performance
and financial condition or prospects, making it difficult for prospective investors to assess the rapidly changing value of our Ordinary
Shares.

In
addition, if the trading volumes of our Ordinary Shares are low, persons buying or selling in relatively small quantities may easily
influence prices of the Ordinary Shares. This low volume of trades could also cause the price of the Ordinary Shares to fluctuate greatly,
with large percentage changes in price occurring in any trading day session