Kandal M Venture falls below Nasdaq public-share minimum

FMFC has until November 30, 2026, to submit a plan addressing Nasdaq’s 500,000 publicly held share minimum.

Rhea-AI Filing Summary

Kandal M Venture Limited (FMFC) received a Nasdaq notice on October 15, 2026, stating it no longer meets the continued listing requirement to maintain 500,000 publicly held shares. Nasdaq gave the company until November 30, 2026, to submit a plan to achieve and sustain compliance with all Nasdaq Capital Market listing requirements, including a completion timeframe. The company intends to submit a plan and says it is evaluating options; it states there can be no assurance it will regain compliance. If Nasdaq does not accept the plan, the company would have the opportunity to appeal to a Nasdaq Hearings Panel.

0 points · 0 major

NegativeiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 1 point

How the balance works

Positive

• None.

Negative

• Major pointNasdaq deficiency: 500,000 publicly held shares minimum unmet.

Key Figures

Publicly held shares minimum: 500,000 shares Deficiency notice received: October 15, 2026 Compliance plan deadline: November 30, 2026

3 metrics

Publicly held shares minimum 500,000 shares Nasdaq continued listing requirement

Deficiency notice received October 15, 2026 Nasdaq notification date

Compliance plan deadline November 30, 2026 Deadline to submit a plan to Nasdaq

Key Terms

publicly held shares, continued listing requirement, Nasdaq Hearings Panel

3 terms

publicly held shares regulatory

"maintain minimum 500,000 publicly held shares"

Shares that are publicly held are portions of a company that any investor can buy or sell on public markets, like slices of a pie owned by many people rather than a few insiders. They matter because they determine how easy it is to trade the stock, influence company control through voting and can affect price swings and dividend payments as supply and demand change in the market.

continued listing requirement regulatory

"no longer meets the continued listing requirement"

Rules a stock exchange sets that a publicly traded company must follow to keep its shares listed, such as minimum share price, market value, shareholder equity, and timely financial reporting. These rules matter to investors because failing them can lead to removal from the exchange, which can make shares harder to buy or sell and often lowers their value — like a club with membership requirements where losing eligibility restricts access and signals trouble.

Nasdaq Hearings Panel regulatory

"appeal the decision in front of a Nasdaq Hearings Panel"

A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What Nasdaq listing requirement did FMFC fail to meet?

Nasdaq notified FMFC that it no longer meets the requirement to maintain a minimum of 500,000 publicly held shares.

When is FMFC’s Nasdaq compliance plan due?

FMFC has until November 30, 2026, to submit a specific plan to achieve and sustain compliance with Nasdaq Capital Market listing requirements. If Nasdaq does not accept the plan, the company would have the opportunity to appeal to a Nasdaq Hearings Panel.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Available on EDGAR 10/20/2026 - 04:01 PM EDT Accepted by SEC EDGAR 10/20/2026 - 04:01 PM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2026

Commission File Number: 001-42715

KANDAL M VENTURE LIMITED

(Registrant’s Name)

Padachi Village, Prek Ho Commune, Takhmao Town, Kandal Province, Kingdom of Cambodia

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒     Form 40-F ☐

Nasdaq Minimum Bid Price Deficiency Letter

On October 15, 2026, Kandal M Venture Limited (the “Company”) received a letter from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(4), to maintain minimum 500,000 publicly held shares.

Nasdaq has provided the Company until November 30, 2026 to submit a specific plan to achieve and sustain compliance with all The Nasdaq Capital Market listing requirements, including the time frame for completion of this plan. The Company intends to submit a plan to regain compliance with Listing Rule 5550(a)(4) within the required timeframe. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel.

The Company is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(4), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	KANDAL M VENTURE LIMITED
Date: October 20, 2026	By:	/s/ Duncan Miao
	Name:	Duncan Miao
	Title:	Chairman of the Board of Directors

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