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Kandal M Venture enters deal to issue up to USD 25 million senior unsecured convertible notes

PUBT·06/08/2026 14:43:53
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Kandal M Venture enters deal to issue up to USD 25 million senior unsecured convertible notes
  • Kandal M Venture entered a securities purchase agreement for up to USD 25 million of senior unsecured convertible promissory notes.
  • Initial closing on June 5, 2026 raised USD 1 million through an initial note.
  • Notes carry 10% annual interest, stepping up to 18% on an event of default.
  • Convertible into Class A ordinary shares at 105% of principal converted; maturity set for three years from issuance.
  • Revere Securities to act as exclusive placement agent; 5% placement fee on gross proceeds.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kandal M Venture Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-066110), on June 08, 2026, and is solely responsible for the information contained therein.