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Ryde (NYSE: RYDE) back in full compliance with NYSE American rules

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(Neutral)
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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Ryde Group Ltd has regained full compliance with all NYSE American continued listing standards. NYSE Regulation sent a letter confirming that the prior deficiency under Section 1003(a)(ii) was resolved after Ryde met the required standards for two consecutive quarters under Section 1009(f).

The “.BC” below‑compliance indicator will be removed and Ryde will come off the NYSE American list of noncompliant issuers. The exchange will continue normal monitoring and, under Section 1009(h), any new shortfall within 12 months could lead NYSE American to re-examine the situation and potentially truncate compliance procedures or start delisting proceedings.

Ryde highlights its commitment to long-term strategy, emphasizing technology innovation, ecosystem expansion, and sustainable business growth as it maintains its NYSE American listing status.

Positive

  • Full NYSE American compliance restored: NYSE Regulation confirmed Ryde resolved its prior Section 1003(a)(ii) deficiency after two consecutive compliant quarters, removing the “.BC” flag and returning the company to the exchange’s list of fully compliant issuers.

Negative

  • None.

Insights

Ryde regains NYSE American compliance but faces a 12‑month watch period.

Ryde Group Ltd has resolved its NYSE American listing deficiency under Section 1003(a)(ii) after demonstrating compliance for two consecutive quarters in line with Section 1009(f). This restores full standing on the exchange and removes the below‑compliance “.BC” flag.

However, Section 1009(h) creates a 12‑month sensitivity period. If Ryde again falls below any continued listing standard during this time, NYSE American may reassess its recovery path and can shorten normal remediation steps or move directly toward delisting proceedings, depending on circumstances.

Investors can now view Ryde as fully compliant, but the company still operates under heightened scrutiny for the next 12 months. Future disclosures about financial performance and compliance status will be important to understand how Ryde maintains its listing position over upcoming reporting quarters.

Compliance period Two consecutive quarters Period of demonstrated compliance under Section 1009(f) to clear deficiency
Heightened review window 12 months Section 1009(h) period during which any new noncompliance may trigger faster action
continued listing standards regulatory
"back in compliance with all of the NYSE American LLC continued listing standards set forth in Part 10"
Ongoing rules a stock exchange requires a listed company to meet to keep its shares trading publicly, such as minimum share price, market value, timely financial reports, and governance practices. Think of it as a membership checklist for a club: falling short can lead to warnings or removal from the exchange, which can sharply reduce liquidity, investor confidence, and a stock’s value. Investors watch these standards to gauge regulatory risk and the stability of their holdings.
Section 1003(a)(ii) regulatory
"resolved the continued listing deficiency with respect to Section 1003(a)(ii) of the Company Guide"
Section 1009(f) regulatory
"demonstrated compliance with the continued listing standards for a period of two consecutive quarters pursuant to Section 1009(f)"
Section 1009(h) regulatory
"in accordance with the Section 1009(h) of the Company Guide, if the Company is again determined to be below any of the continued listing standards within 12 months"
below compliance (“.BC”) indicator regulatory
"The below compliance (“.BC”) indicator will no longer be disseminated, and the Company will be removed"
forward-looking statements regulatory
"This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of May 2026

 

Commission File Number: 001-41950

 

Ryde Group Ltd

 

Duo Tower, 3 Fraser Street, #08-21

Singapore 189352

+65-9665-3216

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

 

 

 

 

 

 

Information contained in this Report on Form 6-K

 

On May 14, 2026, Ryde Group Limited (the “Company”) announced that the Company received a letter from the NYSE Regulation dated May 13, 2026, confirming that the Company is back in compliance with all of the NYSE American LLC continued listing standards set forth in Part 10 of the NYSE American Company Guide (“Company Guide”). Specifically, the Company has resolved the continued listing deficiency with respect to Section 1003(a)(ii) of the Company Guide referenced in the Exchange’s letter dated May 21, 2025 since it demonstrated compliance with the continued listing standards for a period of two consecutive quarters pursuant to Section 1009(f) of the Company Guide.

 

The Company will be subject to NYSE Regulation’s normal continued listing monitoring. However, in accordance with the Section 1009(h) of the Company Guide, if the Company is again determined to be below any of the continued listing standards within 12 months of the date of this letter, NYSE American will examine the relationship between the two incidents of noncompliance and re-evaluate the Company’s method of financial recovery from the first incident. NYSE Regulation will then take the appropriate action, which, depending on the circumstances, may include truncating the compliance procedures described Section 1009 of the Company Guide or immediately initiating delisting proceedings.

 

The below compliance (“BC”) indicator will no longer be disseminated, and the Company will be removed from the list of NYSE American noncompliant issuers on the Exchange’s website.

 

The announcement is furnished as Exhibit 99.1 to this Report on Form 6-K.

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press release dated May 14, 2026

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Ryde Group Ltd
     
Date: May 14, 2026 By: /s/ Zou Junming Terence
  Name:  Zou Junming Terence
  Title: Chairman of the Board of Directors and Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

Ryde is back in Compliance with all of the NYSE American LLC Continued Listing Standards

 

SINGAPORE, May 14, 2026 – Ryde Group Ltd (NYSE American: RYDE) (“Ryde” or the “Company”), a leading technology platform for mobility and quick commerce headquartered in Singapore, today announced that the Company received a letter from the NYSE Regulation dated May 13, 2026, confirming that the Company is back in compliance with all of the NYSE American LLC continued listing standards set forth in Part 10 of the NYSE American Company Guide (“Company Guide”). Specifically, the Company has resolved the continued listing deficiency with respect to Section 1003(a)(ii) of the Company Guide referenced in the Exchange’s letter dated May 21, 2025 since it demonstrated compliance with the continued listing standards for a period of two consecutive quarters pursuant to Section 1009(f) of the Company Guide.

 

The below compliance (“.BC”) indicator will no longer be disseminated, and the Company will be removed from the list of NYSE American noncompliant issuers on the Exchange’s website.

 

The Company is pleased to maintain full compliance with the NYSE American LLC continued listing standards and appreciate the continued support of our investors and stakeholders, and remains committed to executing its long-term strategic of strengthening Ryde’s position as an innovative mobility platform through technology innovation, ecosystem expansion, and sustainable business growth.

 

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 American, 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 0% commission, ensuring that drivers retain more of their hard-earned earnings. For more information, please visit https://rydesharing.com/.

 

Safe Harbor Statement

 

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

 

Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement.

 

Contacts

 

For Media Relations:

 

Media Team

Ryde Group Ltd

Email: media@rydesharing.com

 

For Investor Relations:

 

Investor Relations Team

Ryde Group Ltd

Email: investor@rydesharing.com

 

 

 

FAQ

What did Ryde Group Ltd announce in this Form 6-K?

Ryde Group Ltd announced it is back in full compliance with all NYSE American continued listing standards after resolving a prior deficiency and meeting the required standards for two consecutive quarters under Section 1009(f) of the NYSE American Company Guide.

Which NYSE American listing deficiency did RYDE resolve?

Ryde resolved a continued listing deficiency related to Section 1003(a)(ii) of the NYSE American Company Guide. NYSE Regulation’s letter confirms that, after two consecutive compliant quarters under Section 1009(f), this deficiency has been cleared and the company is again fully compliant.

What happens to Ryde’s NYSE American .BC below-compliance indicator?

The .BC below-compliance indicator for Ryde will no longer be disseminated, and the company will be removed from NYSE American’s list of noncompliant issuers, reflecting its restored standing under the exchange’s continued listing standards framework.

Is Ryde still subject to any special NYSE American monitoring?

Ryde is subject to normal continued listing monitoring, but Section 1009(h) provides that if it falls below any listing standard within 12 months, NYSE American may reassess its recovery and could shorten compliance procedures or initiate delisting proceedings, depending on the circumstances.

How does Ryde describe its strategic focus after regaining compliance?

Ryde emphasizes a long-term strategy focused on strengthening its position as an innovative mobility platform through technology innovation, ecosystem expansion, and sustainable business growth, while maintaining compliance with NYSE American continued listing standards.

What type of company is Ryde Group Ltd according to the filing?

Ryde Group Ltd is described as a leading technology platform for mobility and quick commerce. It operates a super mobility app offering carpooling, private hire, taxi, and delivery services, and is publicly listed on the NYSE American exchange.

Filing Exhibits & Attachments

1 document