Recent Updates — MSS

Maison Solutions Inc. received a notification from Nasdaq on September 23, 2026, stating it is not in compliance with Listing Rule 5250(c)(1) due to the late filing of its Form 10-Q for the quarter ended July 31, 2026, and its delinquent Form 10-K for the fiscal year ended April 30, 2026. The company has until October 19, 2026, to submit a compliance plan; if accepted, Nasdaq may grant an extension until February 9, 2027, to file the reports. The stock continues to trade on the Nasdaq Capital Market under the symbol MSS. Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise.

Maison Solutions Inc. received a notification from Nasdaq on August 20, 2026, stating it no longer satisfies the continued listing requirement for timely filing of its Annual Report on Form 10-K for the fiscal year ended April 30, 2026. The company has until October 19, 2026, to submit a compliance plan and may receive an extension until February 9, 2027. This regulatory setback introduces significant delisting risk and operational uncertainty for the specialty grocery retailer.

Maison Solutions Inc. entered into a Formation, Subscription and Software Contribution Agreement on July 22, 2026, to establish Maison AI Limited, a new Hong Kong-incorporated subsidiary focused on developing and commercializing AI software for grocery retail and supply-chain applications. Maison Solutions will contribute its Drem merchandise-display system and WSYQR supply-chain system to the new entity at an agreed value of $2,000,000, retaining a perpetual, non-exclusive, royalty-free license for internal use. Maison Solutions' subsidiary, AZLL LLC, will acquire 200 ordinary shares (approximately 90.09% ownership) in exchange for the software contribution. Two cash subscribers, Hangzhou Shengxianbao Technology Co., Ltd. and Yiwu Yanghan E-Commerce Firm, will each subscribe for 11 ordinary shares (approximately 4.96% each) for $110,000 in cash, payable in six monthly installments beginning September 1, 2026. The transaction closes upon customary conditions, including incorporation and shareholder agreement execution, with a termination deadline of March 31, 2027. Maison Solutions Inc. operates in the technology and retail solutions industry, providing merchandise display and supply-chain systems.

Maison Solutions Inc. has regained compliance with Nasdaq Listing Rule 5620(a) after holding its Annual Meeting of Stockholders on July 22, 2026. The company was previously out of compliance due to a delay in holding its annual meeting within one year of its fiscal year end. Maison Solutions Inc. is a specialty grocery retailer offering traditional Asian food and merchandise to U.S. consumers.

Maison Solutions Inc. will implement a 1-for-5 reverse stock split of its Class A and Class B common stock, effective July 22, 2026, to maintain compliance with the Nasdaq minimum bid price requirement. The split will combine every five outstanding shares into one share, and fractional shares will be rounded up to the nearest whole share. Maison Solutions Inc. is a specialty grocery retailer offering traditional Asian food and merchandise to U.S. consumers.