secwatch.observer — SEC 8-K summary
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Issuer:     Maison Solutions Inc. (MSS)
CIK:        0001892292
Form:       8-K
Filed at:   2025-10-02T23:59:59+00:00
Accession:  0001213900-25-095401
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892292/000121390025095401/0001213900-25-095401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892292/000121390025095401/ea0260079-8k_maison.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-095401

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