Maison Solutions Inc. Announces 1-for-5 Reverse Stock Split

What Happened

• Maison Solutions Inc. announced a 1-for-5 reverse stock split of its Class A common stock that will become effective at 12:01 a.m. Eastern Time on July 22, 2026. The Board approved the Reverse Stock Split on June 26, 2026 and the Company filed a Certificate of Amendment with the Delaware Secretary of State on July 15, 2026. The Company previously effected a 1-for-10 reverse split that became effective April 24, 2026. A press release announcing the Reverse Stock Split was issued on July 20, 2026.

Key Details

• Effective date/time: July 22, 2026 at 12:01 a.m. ET; trading on Nasdaq expected to begin on a split-adjusted basis that morning.
• Conversion ratio: every five outstanding shares of Class A common stock will be combined into one share; fractional shares will be rounded up to the nearest whole share.
• Class B impact: all 300,000 issued and outstanding Class B shares (held by Chairman/CEO John Xu via Golden Tree USA Inc.) will be combined into 60,000 shares on the same 1-for-5 basis; Class B shares remain convertible into Class A.
• Purpose and logistics: intended to help maintain compliance with Nasdaq’s $1.00 minimum bid price requirement; trading symbol remains "MSS"; new CUSIP for Class A post-split is 560667404; VStock Transfer is acting as exchange/paying agent.

Why It Matters

• The Reverse Stock Split does not change the company’s authorized share counts or par values and, aside from rounding of fractional shares, is designed not to change each holder’s percentage ownership. It also triggers proportional adjustments to warrants, options and other convertible securities. For retail investors, the split is a structural move aimed at addressing Nasdaq listing standards (minimum bid price). Monitor post-split trading and your brokerage account for the adjusted share balance and any changes to exercises/prices for options or warrants.