Simpple (NASDAQ: SPPL) divests Australia arm as CEO exits

Rhea-AI Filing Summary

Simpple Ltd. has completed the sale of 100% of the issued share capital of its operating subsidiary SIMPPLE Australia Pty Ltd to two employee purchasers on February 6, 2026, and SIMPPLE Australia is no longer part of the group. A parent company guarantee in favor of SIMPPLE Australia terminated at completion. Effective January 31, 2026, Chief Executive Officer and Director Norman Schroeder resigned in connection with taking a leadership role at SIMPPLE Australia. On March 25, 2026, co-founder and former Chief Operating Officer Daryl Pat was appointed Acting Chief Executive Officer, continuing to oversee operations while assuming executive leadership duties.

Insights

Equity analyst

Simpple divests its Australian unit and reshuffles top leadership.

The company has sold 100% of SIMPPLE Australia Pty Ltd to two employees, removing that business from the group and ending a parent company guarantee. This simplifies the corporate structure but also reduces geographic footprint, with no financial terms disclosed in the excerpt.

Leadership is shifting as CEO and Director Norman Schroeder resigns to take a leadership role at SIMPPLE Australia. Co-founder and former COO Daryl Pat becomes Acting CEO, maintaining operational oversight. Stability during this transition will depend on how effectively Pat manages both strategic and day-to-day responsibilities.

Form 6-K: How Foreign Companies Report to the SEC →

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 March, 2026

Commission File Number: 001-41798

SIMPPLE LTD.

(Registrant’s Name)

71 Ayer Rajah Crescent

#03-07

Singapore 139951

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover 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): ☐

Entry into a Material Definitive Agreement.

On February 6, 2026, IFSC Pte Ltd (the “Vendor”), a subsidiary of SIMPPLE Ltd. (the “Company”) entered into a Share Sale Deed (the “Deed”) with two employees (together, the “Purchasers”) of its operating subsidiary, SIMPPLE Australia Pty Ltd (“SIMPPLE Australia”), pursuant to which the Vendor agreed to sell and the Purchasers agreed to purchase, in aggregate, 100% of the issued share capital of SIMPPLE Australia (the “Transaction”). Pursuant to the Deed, the Parent Company Guarantee provided by the Company in favor of SIMPPLE Australia would terminate upon completion of the Transaction. The completion date of the Transaction was February 6, 2026.

Subsequent to the Transaction, SIMPPLE Australia is no longer part of the Group.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Resignation of Director and Officer

Effective on January 31, 2026, Mr. Norman Schroeder has resigned from his roles as Chief Executive Officer and Director  of the Company, in connection with his acceptance of a leadership role in SIMPPLE Australia.

Appointment of Officer

Effective on March 25, 2026, Mr.  Daryl Pat has been appointed as Acting Chief Executive Officer.

Mr. PAT Kah Kit Daryl is our co-founder. Prior to his appointment as Acting Chief Executive Officer, Mr. Pat was our Chief Operating Officer  of Simpple Ltd.  He was primarily responsible for charting the product roadmap, designing the stages for each modular capability and broadening the breadth of our services. Mr. Pat will continue to oversee the Company’s operations while assuming executive leadership responsibilities during this transition period.

Mr. Pat worked as a manager of strategic communications and digital engagement of the Singapore Prime Minister Office’s Overseas Singaporean Unit from 2014 to 2017. Mr. Pat received a Bachelor of Business Management from the University of Birmingham in 2011. Mr. Pat is a shareholder of Mains d’Or, a major shareholder in SIMPPLE Ltd.

2

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.

	SIMPPLE LTD.
Date: March 26, 2026	By:	/s/ Kelvin Lee
	Name:	Kelvin Lee
	Title:	Executive Chairman and Director

3

FAQ

What major transaction did Simpple Ltd. (SPPL) disclose in this 6-K?

Simpple disclosed that subsidiary IFSC Pte Ltd sold 100% of the issued share capital of SIMPPLE Australia Pty Ltd to two employee purchasers. After completion on February 6, 2026, SIMPPLE Australia is no longer part of the Simpple group.

When did Simpple’s sale of SIMPPLE Australia Pty Ltd close?

The sale of 100% of SIMPPLE Australia Pty Ltd’s shares to two employees closed on February 6, 2026. That date is also the completion date under the share sale deed, after which SIMPPLE Australia ceased to be part of the group.

How did the sale affect Simpple Ltd.’s parent company guarantee?

Under the share sale deed, the parent company guarantee that Simpple Ltd. had provided in favor of SIMPPLE Australia terminated upon completion of the transaction. This removal of the guarantee reduces Simpple’s direct obligations related to that former subsidiary.

Which leadership changes at Simpple Ltd. (SPPL) were announced?

Norman Schroeder resigned as Chief Executive Officer and Director effective January 31, 2026, to take a leadership role at SIMPPLE Australia. Co-founder and former Chief Operating Officer Daryl Pat was appointed Acting Chief Executive Officer effective March 25, 2026.

Who is Daryl Pat, Simpple Ltd.’s new Acting CEO?

Daryl Pat is Simpple’s co-founder and former Chief Operating Officer, responsible for product roadmap and service expansion. He became Acting Chief Executive Officer on March 25, 2026, and will continue overseeing operations while assuming overall executive leadership responsibilities.

Why did former CEO Norman Schroeder resign from Simpple Ltd.?

Norman Schroeder resigned as Chief Executive Officer and Director of Simpple Ltd. effective January 31, 2026. The filing states his resignation was in connection with his acceptance of a leadership role in SIMPPLE Australia, which was later sold to two employees.