other material
confidence high
sentiment neutral
materiality 0.50
Maison Solutions announces 1-for-10 reverse stock split effective April 24, 2026 to regain Nasdaq compliance
Maison Solutions Inc.
- Reverse split ratio of 1-for-10 approved by board on April 13, 2026; effective 12:01 a.m. ET April 24, 2026.
- Outstanding shares reduce from ~28.8 million to ~2.9 million; no change in authorized shares or par value.
- Split intended to bring stock above $1.00 minimum bid price for continued Nasdaq listing.
- No fractional shares; rounded up to nearest whole share; VStock Transfer acting as exchange agent.
- New CUSIP number 560667305; trading symbol MSS remains unchanged.