Maison Solutions Inc. (MSS): debt financing — Maison Solutions secures up to $70M convertible notes for Worldcoin treasury

Maison Solutions Inc.

Initial $3M senior secured note issued at 8.5% OID; total facility up to $70M over 3 years.
Notes bear 8% interest, mature in 2 years, convertible at lower of Nasdaq minimum price or 90% of 10-day VWAP (floor 20% of minimum).
At least 90% of net proceeds to be used to acquire Worldcoin (WLD) and other cryptocurrencies as treasury assets.
Company plans WLD for global payments, proof-of-human loyalty, and AI-resistant customer engagement.
Prohibited from issuing additional notes or equity until registration effective plus 20 trading days without investor consent.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

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 up to $70 million with an institutional investor at eight percent (8%) per year maturing second (2nd) anniversary of the date of issuance.

Instrument: convertible notes
Principal: up to $70 million
Counterparty: an institutional investor
Rate: eight percent (8%) per year
Maturity: second (2nd) anniversary of the date of issuance
Event: incurrence

Exact text from the filing

Senior Secured Convertible Promissory Notes (the “Notes”) in a total principal amount of up to $70 million

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Maison Solutions Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-092667

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