RegulatoryJun 24, 2026, 10:36 AM
Kandal M Venture Receives Nasdaq Bid Price Compliance Extension
AI Summary
Kandal M Venture Limited announced it received an extension from Nasdaq to regain compliance with the minimum bid price requirement. The company was initially notified on December 22, 2025, for failing to maintain a $1 bid price. Nasdaq has now granted an additional 180 calendar days, extending the compliance deadline to December 21, 2026. The company is evaluating options to regain compliance, but there is no assurance it will succeed.
Key Highlights
- Received initial Nasdaq non-compliance notification on December 22, 2025.
- Original compliance deadline was June 22, 2026.
- Granted an additional 180-day extension on June 23, 2026.
- New deadline to regain $1 minimum bid price compliance is December 21, 2026.
- Company is evaluating options to regain compliance.
- Failure to comply by December 21, 2026, could lead to delisting.
Price Impact
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