• 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 via GlobeNewswire (Ref. ID: 202606160830PRIMZONEFULLFEED9747348) on June 16, 2026, and is solely responsible for the information contained therein.