Kandal M Venture receives Nasdaq notice over publicly held share deficiency
FMFC•Kandal M Venture received a Nasdaq notice on October 15, 2026, for failing to maintain 500,000 publicly held shares. It must submit a plan to regain compliance by November 30, 2026.
1. Nasdaq compliance notice
Nasdaq notified Kandal M Venture on October 15, 2026, that it had failed to maintain 500,000 publicly held shares, as required by Listing Rule 5550(a)(4). The company has until November 30, 2026, to submit a plan to regain compliance. If Nasdaq rejects the plan, the company can appeal to a Nasdaq Hearings Panel.
