Ryde Group Receives Warning Letter from NYSE American

Ryde Group Ltd, a Singapore-based technology platform for mobility and quick commerce, received a warning letter from NYSE American LLC on October 24, 2025. The letter addressed the company's non-compliance with Section 401(a) of the NYSE American Company Guide. The issue arose from a significant increase in Ryde's stock price and trading volume on October 7, 2025, which NYSE Regulation staff inquired about. Ryde initially responded that it was unaware of any information causing the unusual activity. However, on October 9, 2025, Ryde filed a Form 6-K disclosing a material transaction entered into on October 7, 2025, in Singapore (October 6, 2025, in New York). The Exchange's immediate release policy required disclosure before trading commenced on October 7, 2025. Ryde's failure to disclose the transaction promptly violated Section 401 of the Company Guide. The company acknowledged the Exchange's concerns and is enhancing its procedures for disseminating material information to ensure future compliance.