Kandal M Venture Shareholders Approve 1-for-40 Reverse Split; Effective by October 13
FMFC is trading near its 52-week low of $0.19 (2.5% above the low) on light trading volume (0.1× avg).
Summary
Kandal M Venture shareholders approved a 1-for-40 reverse stock split with 99.59% support, with implementation required by October 13, 2026 to address Nasdaq listing compliance.
Updates
· SEC 6-K — The reverse split becomes effective October 13, 2026, with Class A shares trading under new CUSIP G5225N126; post-split shares total 492,374.
- The share consolidation applies to Class B ordinary shares.
- Pre-split issued and outstanding shares total 19,694,940.
- Pre-split shares consist of 16,694,940 Class A and 3,000,000 Class B ordinary shares.
- Post-split shares consist of 417,374 Class A and 75,000 Class B ordinary shares.
- The board of directors approved the consolidation on August 28, 2026.
- Shareholders approved the consolidation on September 22, 2026.
Key Events · Corporate Governance and Compliance · FMFC
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Reverse Split Approved
Shareholders approved a 1-for-40 reverse stock split with 99.59% of votes in favor (67,997,978 for, 274,430 against, 7,322 abstain).
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Implementation Deadline Set
The board must implement the consolidation by October 13, 2026, with the effective date to be determined by the board.
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Authorized Share Count Reduced
Authorized share capital will change from 5,000,000,000 shares to 125,000,000 shares post-consolidation, with par value increasing from $0.00001 to $0.0004 per share.
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Fractional Share Treatment
Fractional shares will be rounded up, so each shareholder receives at least one Consolidated Share in lieu of any fractional share.
Analysis · FMFC · Manufacturing
With 99.59% of votes in favor, shareholders overwhelmingly approved the 1-for-40 reverse split, clearing the path for the company to regain Nasdaq compliance. The board now has until October 13, 2026 to implement the consolidation, which will reduce the authorized share count from 5 billion to 125 million shares. Trading at $0.1946, just above its 52-week low of $0.1898, the stock relies on the reverse split as its primary tool to lift the share price above Nasdaq's minimum bid requirement. The rounding-up provision for fractional shares means small holders will receive at least one post-split share, avoiding cash-out treatment.
How filings like this one have moved
In the 30 days to Oct 18, 2026, 29.5% of the 1447 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. 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 $0.19 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $3.6M. The 52-week trading range was $0.19 to $15.75. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.