Maison Solutions receives Nasdaq deficiency notice for bid price below $1.00 per share

Maison Solutions Inc.

Nasdaq notified MSS on Sept 17, 2024 that bid price closed below $1.00 for 30 consecutive business days.
Company has until March 17, 2025 to regain compliance by closing at $1.00+ for 10 consecutive days.
If not compliant, MSS may be eligible for an additional 180-day period subject to meeting other listing standards.
MSS intends to monitor bid price and consider options, including a reverse stock split if needed.
Deficiency letter has no immediate effect on trading; MSS common stock continues to trade on Nasdaq.

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