secwatch.observer — SEC 8-K summary
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Issuer:     Maison Solutions Inc. (MSS)
CIK:        0001892292
Form:       8-K
Filed at:   2025-09-29T23:59:59+00:00
Accession:  0001213900-25-092667
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Maison Solutions secures up to $70M convertible notes for Worldcoin treasury
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892292/000121390025092667/0001213900-25-092667-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892292/000121390025092667/ea0259168-8k_maison.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-092667

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