Kandal M Venture regains compliance with Nasdaq minimum bid price rule
FMFC•Kandal M Venture regained compliance with Nasdaq’s minimum bid price rule on October 30, 2026, after its Class A ordinary shares closed at $1 or more for 10 consecutive business days.
1. Compliance restored
Kandal M Venture said it regained compliance with Nasdaq Listing Rule 5550(a)(2) on October 30, 2026, closing its minimum bid price deficiency matter. Its Class A ordinary shares closed at $1 or higher for 10 consecutive business days from October 16 through October 29. The company received a deficiency notice on December 22, 2025, and had two 180-day compliance periods, with an extended deadline of December 21, 2026.
