Ryde Group Gets NYSE Warning Over Delay in Disclosing Major Deal

Author: Benzinga Newsdesk | October 27, 2025 05:08am

Ryde Group Ltd (NYSE:RYDE) ("Ryde" or the "Company"), a leading technology platform for mobility and quick commerce headquartered in Singapore, today announced it has received a warning letter from NYSE American LLC (the "Exchange") dated October 24, 2025 regarding the Company's compliance with Section 401(a) of the NYSE American Company Guide (the "Company Guide").

On October 7, 2025, NYSE Regulation staff noted a significant increase in RYDE's stock price and an unusually large volume of trading activity in the Company's stock. That day, NYSE Regulation staff contacted the Company to inquire whether the Company was aware of any information that could explain this activity. The Company responded to NYSE Regulation's inquiry late on the evening of October 7, 2025, indicating that they were not aware of any information that could have given rise to the unusual trading activity.

However, on October 9, 2025, the Company filed a Form 6-K with the Securities and Exchange Commission, which disclosed a material transaction that had been entered into on October 7, 2025 in Singapore (or October 6, 2025 in New York).

Because this material transaction was entered into on October 6, 2025, the Exchange's immediate release policy required the transaction to be disclosed before the commencement of trading on the Exchange on October 7, 2025. As such, the Company's failure to make an immediate public disclosure of the execution of the transaction agreement constitutes a violation of Section 401 of the Company Guide. In accordance with Section 1009(a)(i) of the Company Guide, NYSE Regulation is issuing this Warning Letter in response to that violation.

The Company acknowledges the Exchange's concerns and is taking steps to enhance its procedures for disseminating material information to ensure future compliance with the Company Guide.

Posted In: RYDE