Kandal M Venture Ltd. has received a notification of noncompliance from Nasdaq due to its share price falling below the required minimum bid price of $1 for 30 consecutive business days, as stipulated under Nasdaq Listing Rules 5550(a)(2). The company has been granted a 180-day period to regain compliance by raising its share price to at least $1 for ten consecutive business days. If Kandal fails to meet this requirement, it may be eligible for an additional compliance period, provided it meets other listing standards and notifies Nasdaq of its plan to cure the deficiency, potentially through a reverse stock split. The notification does not result in immediate delisting, and the company's shares will continue to trade under the symbol "FMFC" during this period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kandal M Venture Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9616987) on December 29, 2025, and is solely responsible for the information contained therein.