Singapore, Oct. 31, 2025 — As previously announced, Springview Holdings Ltd (Nasdaq: SPHL) (referred to as the “Company”) received communication from the Nasdaq Stock Market’s (“Nasdaq”) Listing Qualifications Department on April 25, 2025. This letter concerned the Company’s non-compliance with Nasdaq Continued Listing Rule 5550(a)(2) (the “Rule”), which mandates that listed securities maintain a minimum bid price of $1.00 per share. Failure to adhere to Rule 5550(a)(2) occurs when a listed security’s closing bid price remains below $1.00 per share for 30 consecutive business days. Given the closing bid price over the 30 consecutive business days leading up to April 25, 2025, the Company did not satisfy this requirement. Consequently, in line with Listing Rule 5810(c)(3)(A), the Company was granted a 180-calendar-day period, expiring on October 22, 2025, to re-establish compliance with the Rule.
On October 24, 2025, the Company was issued another letter by Nasdaq’s Listing Qualifications Department, noting its failure to regain compliance with Listing Rule 5550(a)(2). This resulted in a Staff Delisting Determination as per Rule 5810(3)(A)(ii). Under this determination, trading of the Company’s Class A ordinary shares is set to be suspended commencing at the opening of business on November 4, 2025.
The Company has submitted an appeal against the Staff’s determination to a Hearings Panel (the “Panel”), adhering to the procedures outlined in the Nasdaq Listing Rule 5800 Series. Springview Holdings Ltd has been advised that hearings are typically scheduled within approximately 30-45 days following the submission of the hearing request. The deadline for the Nasdaq Hearings Department to receive this request was 4:00 p.m. Eastern Time on October 31, 2025. While the Company intends to exert all reasonable efforts to meet the requirements of Rule 5550(a)(2), there is no guarantee that it will successfully regain compliance with this rule or satisfy other Nasdaq listing criteria.
About Springview Holdings Ltd
Springview Holdings Ltd (Nasdaq: SPHL) specializes in the design and construction of residential and commercial buildings within Singapore, with an operational history dating back to 2002. Springview’s project portfolio encompasses four primary service areas: new construction, reconstruction, additions and alterations, and various other general contracting services. Equipped with a skilled in-house team, the Company delivers a comprehensive, integrated solution that fosters robust customer relationships, offering a wide array of services including design, construction, furniture customization, and project management. The Company also provides post-project support, such as defect repairs and maintenance, which further strengthens its customer engagement and cultivates future business prospects. For additional details, please visit the Company’s website: .
Cautionary Note Regarding Forward-Looking Statements
Certain declarations within this announcement constitute forward-looking statements, as defined by the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other applicable Federal securities laws. All declarations in this announcement that are not statements of historical fact are considered forward-looking statements. These include, but are not limited to, explicit or implied statements concerning the Company’s expectations, hopes, beliefs, intentions, or strategies for the future, such as those regarding the anticipated completion of the Private Placement, the potential full exercise of the warrant, and the additional proceeds expected from it. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are solely predicated on the Company’s current beliefs, expectations, and assumptions concerning the future of its business, forthcoming plans and strategies, projections, foreseen events and trends, the economic climate, and other future conditions. Given that forward-looking statements pertain to future events, they are inherently subject to uncertainties, risks, and shifts in circumstances that are challenging to foresee, many of which are beyond the Company’s influence. You can identify forward-looking statements by their non-historical nature, particularly through the use of terms such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes,” or their negative counterparts or similar expressions. Forward-looking statements are grounded in current expectations and assumptions which, while deemed reasonable, are intrinsically uncertain. New risks and uncertainties may arise periodically, and it is impossible to predict all of them. The Company’s actual outcomes could differ materially from those indicated in the forward-looking statements. Consequently, reliance on any of these forward-looking statements is not advisable. Significant factors that could lead to material differences between our actual results and those in the forward-looking statements include the risks and uncertainties detailed in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (the “Commission”) on April 28, 2025, and the Company’s other submissions to the Commission. Except as legally mandated, the Company assumes no obligation to publicly update any forward-looking statement, whether verbal or written, that may be issued from time to time, whether due to new information, future developments, or otherwise.
For more information, please contact:
Springview Holdings Ltd
Investor Relations Department
Email:
