---
title: "Kandal M Venture secures up to US$ 25 million convertible note growth facility"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290000784.md"
description: "Kandal M Venture secured a USD 25 million senior unsecured convertible promissory note facility, with an initial USD 1 million disbursement. Proceeds will fund equipment procurement and technology upgrades at its Philippines manufacturing plant to expand capacity. The notes carry a 5% conversion premium, allowing conversion into Nasdaq-listed Class A ordinary shares at 105% of the principal amount."
datetime: "2026-06-17T05:01:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290000784.md)
  - [en](https://longbridge.com/en/news/290000784.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290000784.md)
generator: "portal-rs"
---

# 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. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**