Swvl (NASDAQ: SWVL) restores compliance with key Nasdaq equity and income standards

Rhea-AI Filing Summary

Swvl Holdings Corp announced that it has regained compliance with key Nasdaq continued listing requirements. Nasdaq staff confirmed that Swvl now meets the Equity Standard, which requires minimum stockholders’ equity of $2.5 million, and the Net Income Standard, which requires net income from continuing operations of $500,000.

In its Annual Report on Form 20-F for the year ended December 31, 2025, Swvl reported stockholders’ equity of $2.9 million and net income of $1.3 million. Based on these results, Nasdaq staff determined the company has regained compliance with these standards and closed the matter.

Positive

• Swvl reported stockholders’ equity of $2.9 million and net income of $1.3 million for the year ended December 31, 2025, exceeding Nasdaq’s minimum equity and net income standards and restoring compliance with these listing requirements.

Negative

• None.

Insights

Equity market & listing standards analyst

Swvl’s improved equity and profitability restore compliance with key Nasdaq thresholds.

Swvl reports stockholders’ equity of $2.9 million and net income of $1.3 million for the year ended December 31, 2025, exceeding Nasdaq’s Equity Standard and Net Income Standard of $2.5 million and $500,000 respectively. This allowed the company to regain compliance.

Previously, Swvl had received a Nasdaq notice on October 31, 2025 and was given until April 29, 2026 under Rule 5810(c)(3)(C) to address deficiencies. Nasdaq staff now consider the equity and net income compliance matter closed, reducing immediate listing-risk concerns based on these specific criteria.

Key Figures

Stockholders’ equity: $2.9 million Net income: $1.3 million Nasdaq minimum equity standard: $2.5 million +2 more

5 metrics

Stockholders’ equity $2.9 million As of December 31, 2025, per Form 20-F

Net income $1.3 million Year ended December 31, 2025, continuing operations

Nasdaq minimum equity standard $2.5 million Listing Rule 5550(b)(1) Equity Standard

Nasdaq minimum net income standard $500,000 Listing Rule 5550(b)(3) Net Income Standard

Compliance cure period 180 days From October 31, 2025 to April 29, 2026 under Rule 5810(c)(3)(C)

Key Terms

Nasdaq Listing Rules 5550(b)(1), Nasdaq Listing Rules 5550(b)(3), Equity Standard, Net Income Standard, +2 more

6 terms

Nasdaq Listing Rules 5550(b)(1) regulatory

"it has regained compliance with Nasdaq Listing Rules 5550(b)(1) and 5550(b)(3)"

Nasdaq Listing Rules 5550(b)(3) regulatory

"which require the Company to maintain a minimum stockholders’ equity... and net income of $500,000 from continuing operations"

Equity Standard financial

"minimum stockholders’ equity of $2.5 million (the “Equity Standard”)"

Net Income Standard financial

"net income of $500,000 from continuing operations (the “Net Income Standard”)"

market value of publicly held shares financial

"was not in compliance with Rule 5550(b)(2), requiring companies... to maintain a minimum market value of publicly held shares of $35 million"

The market value of publicly held shares is the total dollar worth of a company’s shares that are available to outside investors, calculated by multiplying the current market price by the number of shares held by the public (the “float”). It matters because it tells investors how much of the company is actually tradable and how the market is pricing that tradable portion—like a price tag on the items on a store shelf, it affects liquidity, volatility and how easy it is to buy or sell a meaningful stake.

Form 20-F regulatory

"Based on the Company’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission on April 20, 2026"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

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

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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 April 2026 (Report No. 2)

Commission File Number: 001-41339

Swvl Holdings Corp

The Offices 4, One Central

Dubai World Trade Centre

Dubai, United Arab Emirates

(Address of principal executive office)

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 ☐

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CONTENTS

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On April 20, 2026, Swvl Holdings Corp (the “Company”) issued a press release titled: “Swvl Regains Compliance with Nasdaq Continued Listing Requirements.” A copy of this press release is furnished herewith as Exhibit 99.1.

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This Report of Foreign Private Issuer on Form 6-K (“Report”) is incorporated by reference into the Company’s Registration Statement on Form F-3 (Registration No. 333-279918) and Form S-8 (Registration No. 333-265464) filed with the Securities and Exchange Commission, to be a part thereof from the date on which this Report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

EXHIBIT INDEX

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Exhibit	​ ​ ​	Description of Exhibit
​	​	​
99.1	​	Press release titled: ”Swvl Regains Compliance with  Nasdaq Continued Listing Requirements.”

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SIGNATURE

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.

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​	SWVL HOLDINGS CORP
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Date: April 20, 2026	By:	/s/ Mostafa Kandil
​	Name:	Mostafa Kandil
​	Title:	Chief Executive Officer

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Exhibit 99.1

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Swvl Regains Compliance with Nasdaq Continued Listing Requirements

DUBAI, United Arab Emirates, April 20, 2026 (GLOBE NEWSWIRE) – Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a leading provider of technology-enabled mass mobility solutions for enterprises and governments, today announced that it has received a letter from the staff (the “Staff”) of the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with Nasdaq Listing Rules 5550(b)(1) and 5550(b)(3), which require the Company to maintain a minimum stockholders’ equity of $2.5 million (the “Equity Standard”) and net income of $500,000 from continuing operations (the “Net Income Standard”), respectively.

As previously announced, on October 31, 2025, the Company received a notice from Nasdaq advising the Company that it was not in compliance with Rule 5550(b)(2), requiring companies listed on the Nasdaq Capital Market to maintain a minimum market value of publicly held shares of $35 million, nor it was in compliance with Nasdaq Listing Rules 5550(b)(1) and 5550(b)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company was granted a period of 180 calendar days, or until April 29, 2026, to regain compliance.

Based on the Company’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission on April 20, 2026, the Company reported stockholder’s equity of $2.9 million and net income of $1.3 million as of and for the year ended December 31, 2025. As a result, the Staff has determined that the Company has regained compliance with each of the Equity Standard and the Net Income Standard, and the matter is now closed.

About Swvl

Swvl Holdings Corp (NASDAQ: SWVL), is a leading provider of technology-driven mobility solutions for enterprises and governments. Its platform leverages real-time data, adaptive networks, and advanced technology to deliver safer, more reliable, and sustainable transportation solutions. Swvl serves corporate clients, government institutions, schools, and healthcare providers across Egypt, the Kingdom of Saudi Arabia, the UAE, Kuwait, and the United Kingdom. For more information, visit www.swvl.com.

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Contact:

Investor relations: ir@swvl.com

Ahmed Misbah, CFO of Swvl: ahmed.misbah@swvl.com

FAQ

What did Swvl (SWVL) announce regarding its Nasdaq listing status?

Swvl announced it has regained compliance with Nasdaq continued listing requirements related to stockholders’ equity and net income. Nasdaq staff reviewed Swvl’s latest Form 20-F and confirmed the company now satisfies both the Equity Standard and Net Income Standard, closing this specific compliance matter.

Which Nasdaq listing rules does Swvl now comply with?

Swvl now complies with Nasdaq Listing Rules 5550(b)(1) and 5550(b)(3). These rules require minimum stockholders’ equity of $2.5 million and net income from continuing operations of $500,000. Nasdaq staff determined Swvl meets these thresholds based on its most recent audited financial statements.

What equity and net income did Swvl report for 2025?

For the year ended December 31, 2025, Swvl reported stockholders’ equity of $2.9 million and net income of $1.3 million. These figures, disclosed in its Form 20-F filed on April 20, 2026, exceed Nasdaq’s minimum equity and net income requirements for continued listing.

Why had Swvl previously been out of compliance with Nasdaq rules?

On October 31, 2025, Swvl received a Nasdaq notice stating it was not in compliance with several Listing Rules, including those requiring minimum market value of publicly held shares and certain equity standards. Nasdaq granted Swvl 180 calendar days, until April 29, 2026, to regain compliance under Rule 5810(c)(3)(C).

How did Swvl regain compliance with Nasdaq’s Equity and Net Income Standards?

Swvl regained compliance by improving its financial position so that its audited Form 20-F showed stockholders’ equity of $2.9 million and net income of $1.3 million. Both figures are above Nasdaq’s minimum thresholds, prompting staff to confirm compliance and close the related matter.

What time frame did Nasdaq give Swvl to address its listing deficiencies?

Nasdaq granted Swvl 180 calendar days, until April 29, 2026, under Listing Rule 5810(c)(3)(C) to regain compliance after the initial notice on October 31, 2025. Swvl’s subsequent financial results, filed on April 20, 2026, supported the determination that key standards had been met.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 4.6 KB