Maison Solutions Inc. (MSS): debt financing — Maison Solutions raises $2.745M via convertible note; warrant allows up to $6.5M more

Maison Solutions Inc.

Initial note $3M principal, purchased at $2.745M (8.5% OID); matures March 12, 2027; interest 5.25% (18% default).
Conversion price initially $1.38 per share, floor price $0.26; price resets monthly based on VWAP.
Incremental warrant exercisable for up to $6.5M additional notes (exercise price $5.9475M) through March 12, 2028.
Company required to seek stockholder approval within 90 days for share issuance above 19.99% exchange cap; increase authorized shares to 150M.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Maison Solutions Inc. incurred convertible notes of $3,000,000 with an institutional investor at original issue discount of eight and a half percent (8.5%) maturing March 12, 2027.

Instrument: convertible notes
Principal: $3,000,000
Counterparty: an institutional investor
Rate: original issue discount of eight and a half percent (8.5%)
Maturity: March 12, 2027
Event: incurrence

Exact text from the filing

and sell to the Investor, and the Investor agreed to purchase from the Company, (i) a senior unsecured convertible promissory note in the aggregate original principal amount of $3,000,000 with an original issue discount of eight and a half percent (8.5%) (the “Initial Note”), convertible into shares (the “Conversion Shares”) of Class A common stock, $0.0001 par

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73 debt financings filed in the last 30 days. Browse all debt financings →

Maison Solutions Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-023447

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