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Nasdaq notifies company of non-compliance with minimum publicly held shares requirement
FMFCKandal M Venture Ltd
On October 15, 2026, Nasdaq notified Kandal M Venture Limited that it no longer meets the continued listing requirement to maintain at least 500,000 publicly held shares. The exchange has provided a deadline of November 30, 2026 for the company to submit a specific plan to achieve and sustain compliance with all Nasdaq Capital Market listing requirements. Kandal M Venture Limited intends to submit this plan within the required timeframe and is currently evaluating options to regain compliance. While the company will use reasonable efforts to comply, there is no assurance that its plan will be accepted or that it can otherwise meet listing standards. The company operates in the venture capital and investment sector.