Maison Solutions Inc. 8-K

What Happened
Maison Solutions Inc. (MSS) announced on an 8-K that two of its majority‑owned partnerships—Good Fortune Supermarket of San Gabriel, LP (91% owned) and Good Fortune Supermarket of Monrovia, LP (85.25% owned)—entered an Asset Purchase Agreement on July 1, 2026 to sell the tangible assets and beer & wine licenses for the San Gabriel and Monrovia stores to ENSON MARKET 33 SAN GABRIEL CA INC and ENSON MARKET 34 MONROVIA CA INC. The aggregate purchase price for the store assets is $4,500,000 ($2,250,000 per store). The company issued a related press release on July 3, 2026.

Key Details

• Purchase price for Assets: $4,500,000 total; allocated $2,250,000 per store ($2,240,000 for assets + $10,000 for beer & wine license).
• Inventory is sold separately; inventory price will equal the value determined by an independent third‑party count.
• Payment: lump sum due on or before Dec 31, 2026 if buyers’ financing funds; otherwise two secured promissory notes of $2,240,000 each with 10% interest starting Jan 1, 2027 and three equal quarterly payments due Mar 31, Jun 30 and Sep 30, 2027; unpaid amounts after Sep 30, 2027 bear 18% interest.
• Security & guarantees: payments secured by purchase‑money security interests in the Assets and inventory and guaranteed by Qinghui Ni and ENSON GROUP, INC.; assets sold “as‑is, where‑is.”
• Sellers retain the “Good Fortune” trade name and goodwill; beer & wine licenses transfer is subject to California ABC approval; closing on or before Dec 31, 2026 and conditioned on lease assignments/landlord releases. Board approved the transaction on July 1, 2026.

Why It Matters
This is a material disposition of store operating assets that will reduce MSS’s on‑site operating property at two locations and provide up to $4.5M in proceeds (plus inventory sale proceeds). The timing and structure (possible promissory notes and buyer financing condition) mean cash collection could be delayed and is partly secured and guaranteed. Investors should note the company is keeping the Good Fortune trade name and goodwill, and that license transfers require regulatory approval—factors that could affect timing and final proceeds.