Xi (Jacob) Cao
On February 21, 2025, the Board of Directors of the Company (the “Board”) appointed Xi (Jacob) Cao to serve as the Company’s Chief Operating Officer, effective February 21, 2025.
Highest-materiality recent filing
Maison Solutions sells 91.67% stake in Super HK of El Monte for $1; buyer assumes all liabilities
Sold 91.67% equity interest in Super HK of El Monte to DNL Management Inc. for $1.00.
Aggregate purchase price of $4.5M for assets (excluding inventory); closing expected by Dec 31, 2026.
Maison Solutions (Nasdaq: MSS) will support SupplyAi and MiniMax in developing AI-native tools for food retail, procurement, and logistics.
Maison Solutions regains Nasdaq minimum bid price compliance; listing continues
Received written notice from Nasdaq on May 11, 2026 of regained compliance with $1.00 minimum bid price rule.
Maison Solutions receives Nasdaq notice for missing annual meeting deadline
Received Nasdaq notice on May 6, 2026 for non-compliance with Listing Rule 5620(a).
Maison Solutions proposes settlement of derivative suit alleging immigration fraud scheme
Derivative lawsuit alleged immigration fraud scheme and false IPO statements between Oct 5 and Dec 15, 2023.
Reverse split ratio of 1-for-10 approved by board on April 13, 2026; effective 12:01 a.m. ET April 24, 2026.
Maison Solutions executes 1-for-10 reverse stock split to regain Nasdaq minimum bid compliance
Board set ratio at 1-for-10 effective March 23, 2026; authorized by majority stockholder written consent.
Maison Solutions sells 49% stake in HKGF Market of Arcadia for $1
Sold 49% ownership interest in HKGF Market of Arcadia, LLC to JC Business Guys, Inc. for $1.00.
Nasdaq grants Maison Solutions 180-day extension to July 6, 2026 for bid price compliance
Received original deficiency notice July 10, 2025 for bid price below $1.00.
Maison Solutions waives loan covenants to allow divestiture of Super HK and Arcadia stakes
Company and noteholder JAK Opportunities XV LLC entered consent and waiver dated Dec 18, 2025.
Maison Solutions issues $3M additional convertible note at 5.25%, conversion price $0.78
Issued $3M principal senior unsecured convertible note at $2.745M purchase price; maturity Oct 22, 2027.
Maison Solutions issues $3M convertible note at 8% to buy World Coin as treasury asset
Issued $3M Initial Senior Secured Convertible Promissory Note at 8% interest, maturing Oct 1, 2027; conversion price $1.0289.
Maison Solutions secures up to $70M convertible notes for Worldcoin treasury
Initial $3M senior secured note issued at 8.5% OID; total facility up to $70M over 3 years.
Maison signs non-exclusive US distribution deal for Moutai liquor; 30-ton base supply
Non-exclusive reseller of Moutai's 53° Flying Fairy Moutai Chiew in the United States.
Maison Solutions subsidiary closes $5.25M secured loan from Royal Business Bank
Subsidiaries Lee Lee and AZLL secured $5.25M loan at 7.5% interest, maturing September 5, 2030.
Maison Solutions raises CEO and CFO base salaries to $180K and $120K effective Jan 2025
CEO John Xu base salary increased to $180,000/year, effective retroactively to January 25, 2025.
Audit Committee determined financial statements for Apr 2024, Jul/Oct 2024, Jan 2025 should no longer be relied upon.
Maison Solutions receives Nasdaq bid price deficiency; 180 days to regain compliance
Nasdaq notified Maison Solutions on July 10, 2025 that bid price closed below $1.00 for 30 consecutive business days.
Maison Solutions closes Super HK El Monte supermarket to improve profitability
Closure of Super HK supermarket in El Monte, CA announced June 11, 2025.
All five director nominees (John Xu, Alexandria M. Lopez, Mark Willis, Bin Wang, Dr. Xiaoxia Zhang) elected with over 36.5M votes each.
Maison Solutions Q3 revenue up 151% to $34.1M, net income $1.0M vs year-ago loss
Q3 total net revenues $34.1M vs $13.6M YoY; net income attributable $1.0M vs net loss $(549K).
Maison Solutions extends $8.6M secured note to May 2026, adds 8% extension fee
Outstanding principal of $8,603,975.86; maturity extended from Jan 2025 to May 11, 2026.
Maison Solutions raises $2.745M via convertible note; warrant allows up to $6.5M more
Initial note $3M principal, purchased at $2.745M (8.5% OID); matures March 12, 2027; interest 5.25% (18% default).
Maison Solutions appoints Jacob Cao as COO; Tao Han resigns effective Feb 21, 2025
Tao Han resigned as COO, not due to any disagreement with the Company, effective Feb 21, 2025.
Lee Lee revenue $75.7M in 2023 vs $76.7M in 2022; net income $3.0M vs net loss $1.2M.
Maison Solutions signs consultancy agreement with 4 Good Fortune Supermarkets for $1.3M/year
12-month deal with option to extend another 12 months; weekly fee of $25,000 = $1.3M annually.
Maison Solutions Q2 revenue $31M (+125% YoY); net loss $256K vs prior year profit
Total net revenues $31.0M, up 125.3% YoY, driven by Lee Lee acquisition.
Maison Solutions completes El Monte store renovation; reports significant sales improvement
Renovated El Monte, CA store now operates as a warehouse store offering bulk discounts.
Maison Solutions amends senior secured note; interest rate raised to 10%, tightens default triggers
Principal amount ~$15.2M with ~$10.0M outstanding after missed payments; $40k restructuring fee paid to holders.
Maison Solutions regains Nasdaq minimum bid price compliance
Received Nasdaq deficiency letter on Sept 17, 2024; bid price below $1.00 for 30 consecutive business days.
Maison Solutions Q1 revenue $29.6M (+115.6% YoY); net income $700k vs loss
Total net revenues rose 115.6% to $29.6M, driven by $18.2M from acquired Lee Lee subsidiary.
Maison Solutions receives Nasdaq deficiency notice for bid price below $1.00 per share
Nasdaq notified MSS on Sept 17, 2024 that bid price closed below $1.00 for 30 consecutive business days.
Maison Solutions FY2024 net loss $3.3M; revenue up 4.8% to $58.0M; guides FY2025 revenue $120-125M
Net loss of $3.3M vs net income of $1.3M prior fiscal year; net loss driven by lower gross profit and higher expenses.
Maison Solutions releases investor presentation; no new financial results or guidance disclosed
Slide presentation furnished for future investor meetings, dated May 21, 2024.
Maison Solutions releases post-acquisition webinar on Lee Lee deal; no financial terms disclosed
Acquired Arizona-based Lee Lee Oriental Supermart, Inc., including three Lee Lee International Supermarket chain stores.
Filing furnishes presentation materials for webinar held April 19, 2024, regarding previously announced acquisition of Arizona-based Lee Lee Oriental Supermart, Inc.
Maison Solutions to host April 19 webinar on Lee Lee acquisition details
Webinar on April 19, 2024 at 11:00 a.m. ET to discuss recent acquisition of three-store Lee Lee International Supermarket chain in Arizona.
Maison Solutions acquires Lee Lee for $22.2M, doubling revenue with 3 stores
AZLL purchased 100% of Lee Lee for ~$22.2M; $7M cash at closing on April 8, 2024.
Maison Solutions reports Q3 loss of $0.03/share; revenue $13.6M, down 13% YoY
Q3 revenue $13.6M vs $15.6M YoY; net loss $549K ($0.03 loss) vs prior-year net income $988K ($0.06 EPS).
Maison Solutions CEO presents at Emerging Growth Conference; no material new disclosures
CEO John Xu and VP Chris Zhang presented at the Emerging Growth Conference on Feb 8, 2024.
Maison Solutions Q2 net income falls to $91k, six-month revenue rises 7.6% to $27.5M
Q2 revenue $13.8M (down from $14.2M); net income $91k ($0.01 diluted) vs $529k ($0.03) a year ago.
Short attack on MSS occurred Dec 15, 2023; Hindenburg Research report flagged by company.
Maison Solutions closes $5M private placement of 1.19M shares at $4.20/share
Gross proceeds ~$5M from sale of 1,190,476 shares at $4.20/share in Regulation S private placement.
Maison Solutions closes $10M IPO of 2.5M shares at $4.00 on Nasdaq
Gross proceeds $10M; net proceeds ~$9M after underwriting discounts and offering costs.
Maison Solutions updates investor presentation for proposed IPO of Class A common stock
Filed updated investor presentation as free writing prospectus under Rule 433.
On February 21, 2025, the Board of Directors of the Company (the “Board”) appointed Xi (Jacob) Cao to serve as the Company’s Chief Operating Officer, effective February 21, 2025.
On February 21, 2025, Tao Han notified Maison Solutions Inc. (the “Company”) of his resignation as Chief Operating Officer of the Company, effective immediately.
Max materiality 0.85 · Median 0.57 · Most common event other_material