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FMFC 424B3: Secondary offering

Kandal M Venture Limited

Filed with the SEC on · accession 0001213900-26-091048

FMFC filed a 424B3 (prospectus (offering)) with the SEC on Aug 18, 2026. Kandal M Venture Limited filed a prospectus for the resale of up to 46,899,766 Class A ordinary shares by a selling shareholder, issuable upon conversion of senior convertible promissory notes with an aggregate principal amount of $3,000,000. The stock moved -8.4% by the first close after the filing.

Summary of the filing

Kandal M Venture Limited filed a prospectus for the resale of up to 46,899,766 Class A ordinary shares by a selling shareholder, issuable upon conversion of senior convertible promissory notes with an aggregate principal amount of $3,000,000. The company will not receive any proceeds from the sale.

For details, click here →How to read a 424B3 →

Key details

Aggregate principal amount of senior convertible promissory notes$3.0M
Number of Class A ordinary shares offered for resale$46.8M
IssuerKandal M Venture Limited

How FMFC stock reacted

Close before

$9.68

Aug 17, 2026

First close after

-8.43%

$8.86

5 trading days

-5.83%

$9.12

Since filing

-69.42%

$2.96

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Frequently asked questions

What did FMFC file with the SEC on Aug 18, 2026?

FMFC filed a 424B3 (Secondary offering). Kandal M Venture Limited filed a prospectus for the resale of up to 46,899,766 Class A ordinary shares by a selling shareholder, issuable upon conversion of senior convertible promissory notes with an aggregate principal amount of $3,000,000. The company will not receive any proceeds from the sale.

What does a secondary offering mean for FMFC stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B3?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B3 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did FMFC stock react to this filing?

FMFC closed at $9.68 before the filing and $8.86 on Aug 18, 2026 (-8.43%). Five trading days later: $9.12 (-5.83%).

Other FMFC SEC filings

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