Kandal M Venture answers shareholder questions ahead of Sept. 22 EGM

FMFC•2026-09-04

Proxy Q&A ahead of extraordinary general meeting

Kandal M Venture answers shareholder questions ahead of the Sept. 22, 2026 extraordinary general meeting, centered on a proposed 1-for-40 share consolidation.

Key item: consolidate every 40 Class A and Class B ordinary shares into 1 share, effective Oct. 13, 2026.
Stated rationale: lift the Class A share price to regain compliance with Nasdaq’s $1 minimum bid rule by Dec. 21, 2026.
Voting eligibility: holders of record as of Aug. 27, 2026; 15,300,000 Class A shares and 3,000,000 Class B shares outstanding.
Voting power: Class A carries 1 vote per share; Class B carries 20 votes per share.
Approval threshold: simple majority of votes cast, assuming a quorum; abstentions and broker non-votes do not count as votes cast.
Fractional-share handling: no fractions issued; any fraction from the consolidation rounded up to a whole share where permitted.

Sources

Kandal M Venture answers shareholder questions ahead of Sept. 22 EGM

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Kandal M Venture answers shareholder questions ahead of Sept. 22 EGM

Proxy Q&A ahead of extraordinary general meeting

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