secwatch.observer — SEC 8-K summary
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Issuer:     Maison Solutions Inc. (MSS)
CIK:        0001892292
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0001213900-25-023447
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Maison Solutions raises $2.745M via convertible note; warrant allows up to $6.5M more
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892292/000121390025023447/0001213900-25-023447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892292/000121390025023447/ea0234256-8k_maison.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-023447

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer