Financing ·
Kandal M Venture Limited closed a third tranche of senior unsecured convertible promissory notes on September 1, 2026…
FMFCKandal M Venture Ltd
Kandal M Venture Limited closed a third tranche of senior unsecured convertible promissory notes on September 1, 2026, issuing $750,000 in principal at an initial conversion price of $0.278 per share with maturity on September 1, 2029. The company also entered into non-binding letters of intent for two related-party acquisitions: the purchase of intellectual property from Miro Design Limited for $2 million to $3 million and the acquisition of MC Venture Ltd. for $1 million to $2 million, both payable via newly issued Class A Ordinary Shares pending independent valuation and special committee approval. Additionally, the Board approved a 2026 Equity Incentive Plan reserving 3,660,000 shares for future awards. Kandal M Venture Limited operates in the investment and venture capital sector.