Dividends & Buybacks ·
Kandal M Venture proposes 40-for-1 reverse split to restore Nasdaq compliance with $1.00 minimum bid price
FMFCKandal M Venture Ltd
Kandal M Venture Limited filed a Form 6-K furnishing the Notice of Extraordinary General Meeting and Proxy Statement for a shareholder vote scheduled for September 22, 2026. The primary proposal is to approve a 40-for-1 share consolidation (reverse split) effective October 13, 2026. This action aims to restore compliance with Nasdaq’s minimum bid price requirement of $1.00 per share after the company received an additional 180-day extension until December 21, 2026. The record date for voting is August 27, 2026. Kandal M Venture Limited operates in the cannabis industry.