secwatch.observer — SEC 8-K summary
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Issuer:     Maison Solutions Inc. (MSS)
CIK:        0001892292
Form:       8-K
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0001213900-25-101329
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Maison Solutions issues $3M additional convertible note at 5.25%, conversion price $0.78
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892292/000121390025101329/0001213900-25-101329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892292/000121390025101329/ea0262175-8k_maison.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-101329

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