SPHL gets Nasdaq delisting notice after $1 bid-price noncompliance

Rhea-AI Filing Summary

Springview Holdings Ltd (SPHL) reported a Nasdaq Staff Delisting Determination after failing to meet the minimum bid price requirement of $1.00 under Rule 5550(a)(2). The company had a 180-day compliance window that ran through October 22, 2025, but did not regain compliance. Nasdaq has stated that trading of SPHL Class A ordinary shares will be suspended at the open on November 4, 2025.

Springview plans to appeal the determination to a Nasdaq Hearings Panel under the Listing Rule 5800 Series. The appeal request must be received by 4:00 p.m. Eastern Time on October 31, 2025, and hearings are typically scheduled about 30-45 days after the request. The company notes there is no assurance it will regain compliance with Rule 5550(a)(2) or meet other Nasdaq listing criteria.

Positive

• None.

Negative

• Nasdaq Staff Delisting Determination issued for failure to meet the $1.00 minimum bid price; trading suspension set for November 4, 2025.
• No assurance of regaining compliance with Rule 5550(a)(2) or other listing criteria, per company statement.

Insights

Equity listing and market structure analyst

Nasdaq delisting determination issued; trading suspension set for Nov 4 pending appeal.

Nasdaq issued a Staff Delisting Determination because Springview Holdings did not meet the minimum bid price standard of $1.00 for 30 consecutive business days and did not regain compliance within the October 22, 2025 deadline. Nasdaq indicates trading of the Class A ordinary shares will be suspended at the open on November 4, 2025.

The company will appeal to a Hearings Panel per the 5800 Series. The appeal request is due by 4:00 p.m. ET on October 31, 2025, and hearings are typically scheduled 30-45 days after submission. An appeal often stays delisting pending outcome, but specific stay mechanics are not described in the excerpt.

Key items to track are confirmation of the hearing request timing and any disclosed compliance plan. The company cautions there is no assurance it will regain compliance with Rule 5550(a)(2) or meet other listing criteria.

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 October 2025

Commission File Number: 001-42305

Springview Holdings Ltd

203 Henderson Road

#06-01

Henderson Industrial Park

Singapore 159546

+65 6271 2282

(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 ☐

As previously reported, on April 25, 2025, Springview Holdings Ltd (the “Company”) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) regarding the Company’s failure to comply with Nasdaq Continued Listing Rule 5550(a)(2) (the “Rule”), which requires listed securities to maintain a minimum bid price of $1.00 per share. A failure to comply with Rule 5550(a)(2) exists when listed securities fail to maintain a closing bid price of at least $1.00 per share for 30 consecutive business days. Based on the closing bid price for the last 30 consecutive business days prior to April 25, 2025, the Company failed to meet the aforesaid requirement. Therefore, in accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until October 22, 2025, to regain compliance with the Rule.

On October 24, 2025, the Company received a letter from the Listing Qualifications Department of the Nasdaq regarding the Company’s failure to regain compliance with Listing Rule 5550(a)(2), which resulted in a Staff Delisting Determination under Rule 5810(3)(A)(ii). Under the Staff Delisting Determination, the trading of the Company’s Class A ordinary shares will be suspended at the opening of business on November 4, 2025.

The Company intends to appeal Staff’s determination to a Hearings Panel (the “Panel”), pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. The Company has been informed that hearings are typically scheduled to occur approximately 30-45 days after the date of the hearing request. The request for a hearing must be received by the Nasdaq Hearings Department no later than 4:00 p.m. Eastern Time on October 31, 2025. Although the Company will use all reasonable efforts to regain compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq listing criteria.

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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.

	Springview Holdings Ltd
Date: October 27, 2025	By:	/s/ Zhuo Wang
	Name:	Zhuo Wang
	Title:	Chief Executive Officer

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FAQ

Why did Springview Holdings (SPHL) receive a Nasdaq delisting determination?

SPHL failed to maintain a $1.00 minimum bid price for 30 consecutive business days under Rule 5550(a)(2) and did not regain compliance by October 22, 2025.

When will SPHL trading be suspended according to Nasdaq?

Nasdaq stated that trading of SPHL Class A ordinary shares will be suspended at the open on November 4, 2025.

Is SPHL appealing the Nasdaq determination?

Yes. The company intends to appeal to a Nasdaq Hearings Panel and must submit the request by 4:00 p.m. ET on October 31, 2025.

How soon after requesting a hearing could SPHL have a hearing?

Hearings are typically scheduled about 30-45 days after the hearing request.

Does SPHL guarantee it will regain Nasdaq compliance?

No. The company states there is no assurance it will regain compliance with Rule 5550(a)(2) or other listing criteria.