Maison Solutions issues $3M convertible note at 8% to buy World Coin as treasury asset

Maison Solutions Inc.

Issued $3M Initial Senior Secured Convertible Promissory Note at 8% interest, maturing Oct 1, 2027; conversion price $1.0289.
Net proceeds ~$2.745M; ~90% to be used to acquire World Coin (WLD) for balance sheet treasury.
Note convertible at lower of $1.0289 or 90% of lowest 10-day VWAP; floor price $0.2058 per share.
Interest payable monthly in cash or shares at company's option; default rate increases to 17%.
Mandatory redemption at 125% upon default or change of control; company may optionally redeem at 125%.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Maison Solutions Inc. issued convertible note to an institutional investor for $3,000,000 principal amount for a purchase price of $2,745,000.

Security: convertible note
Purchaser: an institutional investor
Consideration: $3,000,000 principal amount for a purchase price of $2,745,000

Exact text from the filing

the Company issued an initial Note to the Investor in the principal amount of $3,000,000 for a purchase price of $2,745,000

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Maison Solutions Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-095401

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