Kandal M Venture Sets 1-for-40 Reverse Split Vote for Sept 22 to Save Nasdaq Listing
FMFC is trading near its 52-week low of $0.19 (5.6% above the low) on light trading volume (0.1× avg).
Summary
Kandal M Venture will ask shareholders on September 22 to approve a 1-for-40 reverse split, replacing the earlier 1-for-16 proposal, to regain Nasdaq's $1 minimum bid price before the December 21 deadline.
Key Events · Corporate Governance and Compliance · FMFC
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1-for-40 Reverse Split Proposed
Shareholders will vote September 22 on consolidating every 40 shares into 1, replacing the prior 1-for-16 proposal from June.
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Nasdaq Compliance Deadline
Company has until December 21, 2026 to regain the $1 minimum bid price; current price of $0.2005 would become approximately $8.02 post-split.
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Delisting Risk
If the split is rejected or the post-split price falls below $1, Nasdaq will initiate delisting proceedings.
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EGM Logistics
Record date August 27, 2026; meeting at 9:00 a.m. ET on September 22, 2026 in Hong Kong with virtual attendance available.
Analysis · FMFC · Manufacturing
Kandal M Venture has scheduled a September 22 shareholder vote on a 1-for-40 reverse stock split, a much more aggressive ratio than the 1-for-16 split proposed in June. The company has until December 21, 2026 to regain Nasdaq's $1 minimum bid price, and the current share price of $0.2005 means a 1-for-40 consolidation would theoretically lift the price to about $8.02 — well above the threshold. The board is clearly trying to create a buffer against post-split price erosion, but the deeper ratio also signals how far the stock has fallen since the original proposal. If shareholders reject the plan, delisting becomes a real risk.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 35.8% of the 1864 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FMFC was trading at $0.20 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $3.7M. The 52-week trading range was $0.19 to $15.75. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.