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Kandal M Venture secures up to US$ 25 million convertible note growth facility

PUBT·06/17/2026 05:01:10
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Kandal M Venture secures up to US$ 25 million convertible note growth facility
  • Kandal M Venture closed a structured growth capital facility of up to USD 25 million in senior unsecured convertible promissory notes.
  • Initial closing delivered USD 1 million in immediate funding.
  • Proceeds earmarked for equipment procurement, technology upgrades at its Philippines manufacturing plant to expand capacity.
  • Senior notes carry a 5% conversion premium, convertible into Nasdaq-listed Class A ordinary shares at 105% of principal.


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 on June 17, 2026, and is solely responsible for the information contained therein.