Financing ·
Kandal M Venture Limited entered into a securities purchase agreement to issue up to $25,000,000 in senior unsecured…
FMFCKandal M Venture Ltd
Kandal M Venture Limited entered into a securities purchase agreement to issue up to $25,000,000 in senior unsecured convertible promissory notes. Following an initial closing on June 5, 2026, with $1,000,000 in notes, a second closing occurred on June 25, 2026, for an additional $1,000,000. The second note bears 10% annual interest and matures on June 5, 2029, and is convertible into Class A Ordinary Shares at 105% of the principal. Kandal M Venture Limited is a company based in Cambodia and operates in the venture capital or investment management sector.