other material
confidence high
sentiment neutral
materiality 0.60
Maison Solutions executes 1-for-10 reverse stock split to regain Nasdaq minimum bid compliance
Maison Solutions Inc.
- Board set ratio at 1-for-10 effective March 23, 2026; authorized by majority stockholder written consent.
- Shares outstanding reduced from 27,451,517 to approximately 2,745,151 shares; no change in authorized shares.
- Goal is to lift bid price above $1.00 for 10 consecutive trading days per Nasdaq Listing Rule 5550(a)(2).
- Fractional shares rounded up to nearest whole share; no immediate dilutive effect on percentage ownership.
- Outstanding warrants, options, and convertible securities ratably adjusted per their terms.