Ryde gets NYSE American acceptance on plan to regain listing compliance

Ryde Group’s (NYSE:RYDE) plan to regain compliance with NYSE American's continued listing standards has been accepted.

On May 21, 2025, the company was notified by NYSE American that it is not in compliance with listing standards due to having less than $4 million in stockholders' equity and reporting losses in three of the past four years, as outlined under Section 1003(a)(ii) of the NYSE American Company Guide.

The company submitted a compliance plan by the June 20, 2025 deadline, outlining how it intends to meet listing requirements by November 21, 2026. On August 5, 2025, NYSE American accepted the plan and granted the company a compliance period through that date.

The company will now be subject to quarterly monitoring. If it fails to meet the plan's milestones or regain compliance by the deadline, NYSE American may begin delisting proceedings.