Business Context and Reporting Period
Maison Solutions Inc. (MSS), a Delaware corporation, filed this Form 8-K on April 22, 2026. The filing reports a material modification to the rights of security holders regarding a reverse stock split approved by the Board of Directors on April 13, 2026, and filed with the Delaware Secretary of State on April 15, 2026.
Key Financial Metrics
This filing is a current report regarding corporate governance and capital structure changes. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial performance metrics.
Material Changes
- Reverse Stock Split: The Company implemented a 1-for-10 reverse stock split of its Class A Common Stock.
- Effective Date: The split became effective at 12:01 a.m. Eastern Time on April 24, 2026.
- Share Conversion: Every ten (10) outstanding shares were automatically converted into one (1) share. Fractional shares were rounded up to the nearest whole share.
- Capital Structure: The split does not change the number of authorized shares, par value, or the number of preferred shares. Outstanding warrants, options, and stock incentive plans were ratably adjusted.
- Ownership: The split is not dilutive; stockholders retain the same percentage ownership post-split.
Outlook, Risks, and Management Commentary
Purpose: The reverse stock split is intended to regain compliance with the Nasdaq minimum bid price requirement of $1.00 per share for continued listing.
Trading Details: The stock is expected to begin trading on a split-adjusted basis on April 24, 2026, under the symbol "MSS" with a new CUSIP number (560667305).
Risks and Forward-Looking Statements: The Company notes that success in maintaining the Nasdaq listing is not guaranteed. Forward-looking statements regarding the effectiveness of the split and future compliance are subject to risks and uncertainties, including factors outside the Company's control.
Investor Verification Checklist
- Verify the new CUSIP number (560667305) for post-split trading.
- Confirm the adjusted number of shares held in brokerage accounts following the 1-for-10 conversion and rounding of fractional shares.
- Monitor the stock price on April 24, 2026, to assess if the $1.00 minimum bid price requirement is met.
- Review the adjusted exercise prices and share counts for any outstanding options or warrants held.