Kandal M Venture announces 1-for-40 share consolidation
FMFC•Kandal M Venture plans a 1-for-40 consolidation, reducing its issued ordinary shares to 492,374 from 19,694,940, subject to rounding; the change aims to maintain its Nasdaq Capital Market listing.
1. Consolidation details
Kandal M Venture plans to consolidate its Class A and Class B ordinary shares at a ratio of 1-for-40 to target compliance with Nasdaq Rule 5550(a)(2). Class A shares are expected to begin trading on Nasdaq under FMFC on Oct. 13, 2026, with a new CUSIP, G5225N126. Par value per share will increase to US$0.0004 from US$0.00001.
