Springview Hldg Stock Price, News & Analysis

Springview Holdings (Nasdaq: SPHL), a Singapore-based construction company, has received notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's shares traded below $1.00 for 30 consecutive business days from March 13 to April 24, 2025.

Key points:

• Trading will continue uninterrupted under ticker "SPHL"
• Company has until October 22, 2025 to regain compliance
• Compliance requires maintaining $1.00+ share price for 10 consecutive business days
• Additional 180-day grace period may be available if needed

The company, established in 2002, designs and constructs residential and commercial buildings in Singapore. Management is actively monitoring the situation and considering all options to meet Nasdaq requirements, including potential reverse stock split if necessary.

Springview Holdings (NASDAQ: SPHL) has announced a significant expansion of revenue opportunities following its Singapore subsidiary's receipt of two new government certifications (CW01 and CW02) from the Building and Construction Authority (BCA). These certifications enable the company to bid for small-scale public sector projects, expanding its addressable market.

This development follows the November 2024 upgrade of Springview Singapore's certification from GB2 to GB1, which removed the previous $6 million project value limitation. The GB1 certification allows the company to undertake projects of any value as a main contractor.

The new certifications will enable Springview Singapore to:

• Access new revenue opportunities with private sector developers seeking BCA-registered contractors
• Participate in public sector tenders for general building and civil engineering projects
• Compete for larger-scale projects in both public and private sectors
• Expand operations while working towards higher classifications

Springview Holdings (Nasdaq: SPHL), a Singapore-based company specializing in residential and commercial building design and construction, has successfully closed its initial public offering. The company offered 1,500,000 Class A ordinary shares at a price of US$4.00 per share, raising gross proceeds of US$6 million. Trading of the shares commenced on October 17, 2024, under the ticker symbol 'SPHL'.

The IPO proceeds will be allocated towards business development, marketing activities, workforce expansion and training, and general corporate purposes. AC Sunshine Securities served as the underwriter for this firm commitment offering. The IPO was supported by legal counsel from Ortoli Rosenstadt LLP and Olshan Frome Wolosky LLP.

Springview Holdings , a Singaporean residential and commercial building design and construction company, has announced the pricing of its initial public offering (IPO). The company is offering 1,500,000 Class A ordinary shares at US$4.00 per share, aiming to raise US$6 million in gross proceeds. Shares are expected to begin trading on Nasdaq Capital Market under the ticker 'SPHL' on October 17, 2024.

The IPO proceeds will be used for business development, marketing, workforce expansion, and general corporate purposes. AC Sunshine Securities is acting as the underwriter for this firm commitment offering. The IPO is expected to close around October 17, 2024, subject to customary conditions.