Kandal m venture limited announces full exercise of underwriters' over-allotment option

New york, july 16, 2025 (globe newswire) -- kandal m venture limited (nasdaq: fmfc) (the “company”), a contract manufacturer of affordable luxury leather goods with manufacturing operations in cambodia, today announced that the underwriters of its previously announced initial public offering (the “offering”) have exercised their over-allotment option in full to purchase an additional 300,000 class a ordinary shares at the public offering price of $4.00 per share, resulting in additional gross proceeds of $1.2 million, before deducting underwriting discounts and other related expenses. after giving effect to the full exercise of the over-allotment option, the total number of class a ordinary shares sold by the company in the offering has increased to 2,300,000 class a ordinary shares and the gross proceeds has increased to $9.2 million, before deducting underwriting discounts and other related expenses. the option closing date was july 16, 2025. the class a ordinary shares began trading on the nasdaq capital market on june 25, 2025, under the symbol “fmfc.”
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