Maison Solutions Inc. Receives Nasdaq Notice for Late 10-K

What Happened

• On August 20, 2026, Maison Solutions Inc. (MSS) received a letter from Nasdaq Listing Qualifications notifying the company that it does not meet Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its Annual Report on Form 10-K for the fiscal year ended April 30, 2026. The letter does not have an immediate effect on the company’s listing; MSS Class A common stock continues to trade on the Nasdaq Capital Market under the symbol "MSS." The company issued a press release about the notice on August 25, 2026 and says it is working to complete the Form 10-K and will submit a compliance plan.

Key Details

• Letter received: August 20, 2026 (press release issued August 25, 2026).
• Noncompliance: Nasdaq Listing Rule 5250(c)(1) for failure to timely file Form 10-K (fiscal year ended April 30, 2026).
• Deadlines: Company has 60 calendar days (until October 19, 2026) to submit a plan to Nasdaq. If Nasdaq accepts the plan, it may grant up to 180 days from the Form 10-K’s due date (potentially until February 9, 2027) to regain compliance.
• Next steps: If Nasdaq does not accept the plan, the company may appeal to a Nasdaq Hearings Panel.

Why It Matters

• This notice flags a regulatory noncompliance that could lead to delisting if not resolved. For investors, the material items to watch are (1) whether Maison submits an acceptable compliance plan by October 19, 2026, (2) whether Nasdaq grants an extension, and (3) the timing and content of the completed Form 10-K. The company’s stock remains listed and tradable for now, but a prolonged delay could increase regulatory and market risk.