Ryde Announces NYSE American Acceptance of Plan to Regain Listing Compliance
Ryde Group (NYSE American: RYDE) announced that NYSE American has accepted its compliance plan to address listing standard deficiencies. The company had received a notice on May 21, 2025 for non-compliance with Section 1003(a)(ii) of the NYSE American Company Guide due to stockholders' equity below $4.0 million and losses in three of its four most recent fiscal years.
NYSE American has granted Ryde until November 21, 2026 to regain compliance. During this period, RYDE shares will continue trading while the company undergoes quarterly monitoring. If Ryde fails to meet compliance requirements or show sufficient progress, NYSE American may initiate delisting proceedings.
Ryde Group (NYSE American: RYDE) ha annunciato che NYSE American ha accettato il suo piano di conformit脿 per risolvere le carenze rispetto agli standard di quotazione. La societ脿 aveva ricevuto un avviso il 21 maggio 2025 per non conformit脿 alla Sezione 1003(a)(ii) della Guida per le Societ脿 di NYSE American a causa di un patrimonio netto inferiore a 4,0 milioni di dollari e perdite in tre dei suoi ultimi quattro anni fiscali.
NYSE American ha concesso a Ryde tempo fino al 21 novembre 2026 per tornare in conformit脿. Durante questo periodo, le azioni RYDE continueranno a essere negoziate mentre la societ脿 sar脿 soggetta a monitoraggio trimestrale. Se Ryde non riuscir脿 a soddisfare i requisiti di conformit脿 o a mostrare progressi sufficienti, NYSE American potr脿 avviare le procedure di esclusione dalla quotazione.
Ryde Group (NYSE American: RYDE) anunci贸 que NYSE American ha aceptado su plan de cumplimiento para abordar deficiencias en los est谩ndares de listado. La compa帽铆a hab铆a recibido un aviso el 21 de mayo de 2025 por incumplimiento con la Secci贸n 1003(a)(ii) de la Gu铆a para Empresas de NYSE American debido a un patrimonio neto inferior a 4,0 millones de d贸lares y p茅rdidas en tres de sus cuatro 煤ltimos a帽os fiscales.
NYSE American ha otorgado a Ryde hasta el 21 de noviembre de 2026 para recuperar el cumplimiento. Durante este periodo, las acciones de RYDE seguir谩n cotizando mientras la empresa se somete a monitoreo trimestral. Si Ryde no cumple con los requisitos o no muestra un progreso suficiente, NYSE American podr铆a iniciar procedimientos de exclusi贸n de la lista.
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Ryde Group (NYSE American : RYDE) a annonc茅 que le NYSE American a accept茅 son plan de conformit茅 pour rem茅dier aux manquements aux normes de cotation. La soci茅t茅 avait re莽u un avis le 21 mai 2025 pour non-conformit茅 脿 la Section 1003(a)(ii) du Guide des soci茅t茅s NYSE American en raison d鈥檜n fonds propres inf茅rieur 脿 4,0 millions de dollars et de pertes au cours de trois de ses quatre derniers exercices fiscaux.
Le NYSE American a accord茅 脿 Ryde jusqu鈥檃u 21 novembre 2026 pour retrouver la conformit茅. Pendant cette p茅riode, les actions RYDE continueront d鈥櫭猼re n茅goci茅es tandis que la soci茅t茅 fera l鈥檕bjet d鈥檜n suivi trimestriel. Si Ryde ne respecte pas les exigences ou ne montre pas de progr猫s suffisants, le NYSE American pourrait engager une proc茅dure de radiation.
Ryde Group (NYSE American: RYDE) gab bekannt, dass die NYSE American seinen Compliance-Plan zur Behebung von M盲ngeln bei den B枚rsenzulassungsstandards akzeptiert hat. Das Unternehmen hatte am 21. Mai 2025 eine Mitteilung wegen Nichteinhaltung von Abschnitt 1003(a)(ii) des NYSE American Company Guide erhalten, da das Eigenkapital unter 4,0 Millionen US-Dollar lag und in drei der letzten vier Gesch盲ftsjahre Verluste entstanden sind.
Die NYSE American hat Ryde bis zum 21. November 2026 Zeit gegeben, die Compliance wiederherzustellen. W盲hrend dieses Zeitraums werden die RYDE-Aktien weiterhin gehandelt, w盲hrend das Unternehmen viertelj盲hrlich 眉berwacht wird. Sollte Ryde die Anforderungen nicht erf眉llen oder keinen ausreichenden Fortschritt zeigen, kann die NYSE American ein Delisting-Verfahren einleiten.
- NYSE American accepted the company's compliance plan
- Company's shares will continue trading during the compliance period
- Extended timeline until November 21, 2026 to regain compliance
- Stockholders' equity below required $4.0 million threshold
- Reported losses in 3 of 4 most recent fiscal years
- Risk of delisting if compliance plan progress is insufficient
- No guarantee of successful compliance plan implementation
Insights
NYSE American accepted Ryde's compliance plan, giving until November 2026 to address its financial deficiencies or face potential delisting.
Ryde's acceptance into NYSE American's compliance plan represents a critical regulatory reprieve for the company. The exchange identified Ryde's failure to maintain the minimum
This acceptance provides Ryde with a 15-month runway until November 21, 2026, to implement its remediation plan. During this period, Ryde will face quarterly monitoring to ensure progress toward compliance. The company's Class A shares will continue trading under the "RYDE" symbol throughout this probationary period.
The nature of Ryde's financial deficiencies suggests significant structural challenges. The extended timeframe granted by NYSE American indicates the exchange recognizes that Ryde's compliance issues require substantial financial restructuring rather than quick fixes. However, the exchange's quarterly monitoring requirement signals appropriate regulatory oversight to protect market integrity.
Importantly, Ryde's cautionary language acknowledging potential failure to meet the compliance timeline or maintain progress consistent with its plan suggests management recognizes the substantial hurdles ahead. The company will need to demonstrate meaningful progress in improving its stockholders' equity position and operational performance to avoid delisting proceedings after the grace period expires.
SINGAPORE, SG / / August 8, 2025 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company"), a leading technology platform for mobility and quick commerce headquartered in Singapore, announced that the Company's plan (the "Plan") to regain compliance with NYSE American's continued listing standards had been accepted.
As previously reported, on May 21, 2025, the Company received notice from NYSE American advising the Company that it is not in compliance with the continued listing standards set forth in Sections 1003(a)(ii) of the NYSE American Company Guide (the "Company Guide"). Section 1003(a)(ii) applies if a listed company has stockholders' equity of less than US
The Company was required to submit a plan to NYSE American by June 20, 2025 addressing how it intends to regain compliance with Sections 1003(a)(ii) of the Company Guide by November 21, 2026. The Company submitted the Plan prior to the deadline. On August 5, 2025, the Company received notice from NYSE American that it had accepted the Company's plan and granted a plan period through November 21, 2026. During the plan period, the Company will be subject to quarterly monitoring for compliance with the plan. If the Company does not regain compliance with NYSE American's listing standards by November 21, 2026, or if the Company does not make progress consistent with its plan, then NYSE American may initiate delisting proceedings.
The Company's Class A voting shares will continue to be listed during the plan period pursuant to an extension and trade on the symbol "RYDE". Receipt of the notice does not affect the Company's business, operations, financial or liquidity condition, or reporting requirements with the Securities and Exchange Commission.
The Company can provide no assurances that it will be able to make progress with respect to its plan that NYSE American will determine to be satisfactory, that it will regain compliance with Section 1003(a)(ii) of the Company Guide on or before the expiration of the plan period, or that developments and events occurring subsequent to the Company's formulation of the plan or its acceptance by the NYSE American will not adversely affect the Company's ability to make sufficient progress and/or regain compliance with Section 1003(a)(ii) of the Company Guide on or before the expiration of the plan period or result in the Company's failure to be in compliance with other NYSE American continued listing standards.
About Ryde Group Ltd
Ryde is a super mobility app founded in Singapore and recognised as the world's FIRST on-demand carpooling app since 2014. As a publicly listed company on the NYSE, Ryde is reimagining the way people and goods move around by offering a full suite of services, including carpooling, private hire, taxi, and delivery. What distinguishes Ryde is its commitment to empowering private-hire and taxi partners by taking
Contacts
For Media Relations:
Media Team
Ryde Group Ltd
Email: [email protected]
For Investor Relations:
Investor Relations Team
Ryde Group Ltd
Email: [email protected]
SOURCE: Ryde Group
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FAQ
Why is Ryde (NYSE: RYDE) at risk of being delisted from NYSE American?
When does Ryde need to regain compliance with NYSE American listing standards?
Will Ryde stock continue trading during the compliance period?
What happens if Ryde fails to meet NYSE American's compliance requirements?
How will NYSE American monitor Ryde's compliance progress?
