Maison Solutions Inc. (MSS): debt financing — Maison Solutions issues $3M additional convertible note at 5.25%, conversion price $0.78

Maison Solutions Inc.

Issued $3M principal senior unsecured convertible note at $2.745M purchase price; maturity Oct 22, 2027.
Interest rate 5.25% (18% upon default); paid monthly in cash or PIK in stock at company option.
Initial conversion price $0.78/share with downward VWAP-based adjustments; floor price $0.16.
Beneficial ownership limitation 4.99% (Holder can increase to 9.99%).
Proceeds used for working capital; note issued under a March 2025 note purchase warrant.

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 $3,000,000 with investor signatory to the Purchase Agreement at 5.25% per annum maturing October 22, 2027.

Instrument: convertible notes
Principal: $3,000,000
Counterparty: investor signatory to the Purchase Agreement
Rate: 5.25% per annum
Maturity: October 22, 2027
Event: incurrence

Exact text from the filing

On October 22, 2025, Maison Solutions Inc. (the “Company”) issued an additional senior unsecured convertible promissory note in the principal amount of $3,000,000

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304 debt financings filed in the last 30 days. Browse all debt financings →

Maison Solutions Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-101329

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