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 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.
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 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.
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 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).
Lee Lee revenue $75.7M in 2023 vs $76.7M in 2022; net income $3.0M vs net loss $1.2M.
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 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 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 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).
Short attack on MSS occurred Dec 15, 2023; Hindenburg Research report flagged by company.
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.
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