SEC Comment Letter 0000000000-23-008036 to SIMPPLE LTD. (SPPL) (CIK 0001948697) (SPPL)
SIMPPLE LTD. (SPPL) (CIK 0001948697)
Date: July 27, 2023 · CIK: 0001948697 · Accession: 0000000000-23-008036
AI Filing Summary & Sentiment
File numbers found in text: 333-271067
Letter
United States securities and exchange commission logo July 27, 2023 Chong Jiexiang Aloysius Chief Executive Officer Simpple Ltd. 71 Ayer Rajah Crescent #03-07 Singapore 139951 Re:Simpple Ltd. Amendment No. 3 to Registration Statement on Form F-1 Filed July 12, 2023 File No. 333-271067 Dear Chong Jiexiang Aloysius: We have reviewed your amended registration statement and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this comment, we may have additional comments. Amendment No. 3 to Registration Statement on Form F-1 Filed July 12, 2023 Risk Factors Risks Relating To Our Corporate Structure And To An Investment In Our Shares, page 29 1.We note instances of extreme stock price run-ups followed by rapid price declines and stock price volatility seemingly unrelated to company performance following a number of recent initial public offerings, particularly among companies with relatively smaller public floats. Accordingly, please add a separate risk factor addressing the potential for rapid and substantial price volatility and discuss the risks to investors when investing in stock where the price is changing rapidly. Clearly state that such volatility, including any stock- run up, may be unrelated to your actual or expected operating performance and financial condition or prospects, making it difficult for prospective investors to assess the rapidly
FirstName LastNameChong Jiexiang Aloysius Comapany NameSimpple Ltd. July 27, 2023 Page 2 FirstName LastName Chong Jiexiang Aloysius Simpple Ltd. July 27, 2023 Page 2 changing value of your stock. Please contact Cara Wirth at 202-551-7127 or Dietrich King at 202-551-8071 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Lawrence S. Venick
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United States securities and exchange commission logo
July 27, 2023
Chong Jiexiang Aloysius
Chief Executive Officer
Simpple Ltd.
71 Ayer Rajah Crescent
#03-07
Singapore 139951
Re:Simpple Ltd.
Amendment No. 3 to Registration Statement on Form F-1
Filed July 12, 2023
File No. 333-271067
Dear Chong Jiexiang Aloysius:
We have reviewed your amended registration statement and have the following
comment. In our comment, we may ask you to provide us with information so we may better
understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to this comment, we may have additional comments.
Amendment No. 3 to Registration Statement on Form F-1 Filed July 12, 2023
Risk Factors
Risks Relating To Our Corporate Structure And To An Investment In Our Shares, page 29
1.We note instances of extreme stock price run-ups followed by rapid price declines and
stock price volatility seemingly unrelated to company performance following a number of
recent initial public offerings, particularly among companies with relatively smaller public
floats. Accordingly, please add a separate risk factor addressing the potential for rapid
and substantial price volatility and discuss the risks to investors when investing in stock
where the price is changing rapidly. Clearly state that such volatility, including any stock-
run up, may be unrelated to your actual or expected operating performance and financial
condition or prospects, making it difficult for prospective investors to assess the rapidly
FirstName LastNameChong Jiexiang Aloysius
Comapany NameSimpple Ltd.
July 27, 2023 Page 2
FirstName LastName
Chong Jiexiang Aloysius
Simpple Ltd.
July 27, 2023
Page 2
changing value of your stock.
Please contact Cara Wirth at 202-551-7127 or Dietrich King at 202-551-8071 with any
questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc: Lawrence S. Venick