SIMPPLE, which provides industrial robotic cleaning equipment in Singapore, raised $8 million by offering 1.6 million shares at $5.25, the low end of the range of $5.25 to $6.25. The company offered 23 thousand fewer shares than anticipated.
SIMPPLE provides an ecosystem solution for facilities management in Singapore, which includes autonomous robotic cleaning equipment and related software. As of 2021, the SIMPPLE Ecosystem had been adopted by 209 of 432 schools, 7 of 29 hospitals, and 4 of 6 autonomous universities in Singapore.
SIMPPLE plans to list on the Nasdaq under the symbol SPPL. Maxim Group LLC acted as sole bookrunner on the deal.
