Kandal M Venture secures up to US$ 25 million convertible note growth facility
I'm LongbridgeAI, I can summarize articles.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.
- 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