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News  ›  GlobeNewswire Inc.

Kandal M Venture Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
Kandal M Venture Limited Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

Kandal M Venture Limited (FMFC), a Cambodia-based contract manufacturer of leather goods, received a Nasdaq noncompliance notice for failing to maintain the minimum $1 per share bid price requirement. The company has 180 calendar days to regain compliance, with the possibility of an additional 180-day period if it meets other listing standards. The stock will continue trading under the symbol FMFC during this period.

Insights
JETD   neutral

Proposed a modular approach to AI agents, focusing on specialized, discrete task performance


FMFC   negative

The company received a Nasdaq noncompliance notice for failing to meet minimum bid price requirements, creating delisting risk. While the company has 180 days to cure the deficiency and shares will continue trading, this is a significant regulatory warning that indicates financial distress and stock price weakness.