US Market News
2週前
Alexandria Marie Lopez of Maison Solutions Inc. Named 2026 LA Executive Awards NomineeMay 25, 2026 9:00 AM
ACCESS NewswireMONTEREY PARK, CA / ACCESS Newswire / May 25, 2026 / Maison Solutions Inc. (NASDAQ:MSS) ("Maison Solutions" or the "Company"), a specialty grocery retailer offering traditional Asian food and merchandise to customers in the United States, today announced that Alexandria Marie Lopez, Chief Financial Officer, has been named a 2026 nominee for the LA Executive Awards, presented by LA Times Studios and the Los Angeles Times Media Group.The LA Executive Forum & Leadership Awards brings together executives and entrepreneurs from the Los Angeles region for networking, strategic discussions, and recognition. The event celebrates nominees who have demonstrated leadership and impact in their industries and communities.Ms. Lopez has served as the Company's Chief Financial Officer since 2019. In this role, she oversees the Company's financial reporting, SEC compliance, and treasury functions. Ms. Lopez has more than a decade of experience in finance, accounting, business management, and human resources.The 2026 LA Executive Forum & Leadership Awards is scheduled to take place on June 8, 2026, at the Fairmont Miramar Hotel in Santa Monica, California.About Maison Solutions Inc.
Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, particularly to members of Asian-American communities. The Company is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. Since its formation in 2019, the Company has acquired equity interests in four traditional Asian supermarkets in the Los Angeles, California area, operating under the brand name HK Good Fortune, and three supermarkets in the Phoenix and Tucson, Arizona metro areas, operating under the brand name Lee Lee International For more information about Maison Solutions, please visit www.maisonsolutionsinc.com. Follow the Company on LinkedIn and X.Forward-Looking and Cautionary Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements that are not historical facts and may address activities, events, or developments that the Company intends, expects, projects, plans, believes, or anticipates will or may occur in the future. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and assumptions that are difficult to predict. The Company's actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in Part I, Item 1A of the Company's most recent Annual Report on Form 10-K and in Part II, Item 1A of the Company's subsequent Quarterly Reports on Form 10-Q, as well as other filings with the Securities and Exchange Commission ("SEC"), copies of which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.Investor Relations Contact: Maison Solutions Inc. | Email: info@maisonsolutionsinc.comSOURCE: Maison Solutions, Inc.View the original press release on ACCESS NewswireOriginal: Alexandria Marie Lopez of Maison Solutions Inc. Named 2026 LA Executive Awards Nominee
US Market News
1月前
Notice of Proposed Settlement of Stockholder Derivative Action: Maison Solutions Inc.April 29, 2026 4:25 PM
ACCESS NewswireMONTEREY PARK, CA / ACCESS Newswire / April 29, 2026 / Maison Solutions Inc. (NASDAQ:MSS) today provided notice of proposed settlement of derivative actions and settlement hearing.UNITED STATES DISTRICT COURTCENTRAL DISTRICT OF CALIFORNIAIN RE MAISON SOLUTIONS INC. DERIVATIVE LITIGATION Case No. 2:24-cv-02897-SPG-KS This Document Relates to:ALL ACTIONS Summary Notice of Pendency and Proposed Settlement of Stockholder Derivative Action:To: ALL RECORD HOLDERS AND BENEFICIAL OWNERS OF MAISONSOLUTIONS INC. ("MAISON" OR THE "COMPANY") COMMON STOCK AS OF FEBRUARY 27, 2026.PLEASE READ THIS SUMMARY NOTICE CAREFULLY AND IN ITS ENTIRETY AS YOUR RIGHTS MAY BE AFFECTED BY PROCEEDINGS IN THE LITIGATION.YOU ARE HEREBY NOTIFIED that the above-captioned consolidated stockholder derivative action (the "Action"), is being settled on the terms set forth in a Stipulation and Agreement of Settlement dated February 27, 2026 (the "Stipulation").The Action is brought derivatively on behalf of nominal defendant Maison and alleges that, inter alia, between October 5, 2023 and December 15, 2023, at least, the Individual Defendants participated in and/or caused Maison to participate in an ongoing immigration fraud scheme and made and/or caused Maison to make false and misleading statements in Maison's initial public offering ("IPO")-related U.S. Securities and Exchange Commission ("SEC") filings regarding this misconduct, related-party transactions, and pending lawsuits involving the Company. The Action alleges that, as a result of the foregoing, the Company experienced reputational and financial harm. Defendants have denied and continue to deny each and all of the claims and allegations of wrongdoing asserted in the Action.Pursuant to the terms of the Settlement, Maison agrees to adopt, implement, and maintain certain corporate governance reforms that are outlined in Exhibit A to the Stipulation (the "Reforms"). The Reforms shall be maintained for five (5) years. Maison acknowledges and agrees that the filing, pendency, and settlement of the Action was the cause of the Company's decision to adopt, implement, and maintain the Reforms. Maison also acknowledges and agrees that the Reforms confer substantial benefits to Maison and Maison's stockholders.In light of the substantial benefits conferred upon the Company and its stockholders, Maison's insurer(s) agreed to pay Plaintiffs' Counsel four hundred thousand dollars ($400,000.00) for their attorneys' fees and expenses (the "Fee and Expense Amount"). Defendants also agreed to not object to the request for the Court to approve Service Awards of up to three thousand dollars ($3,000.00) for each of the two Plaintiffs, to be paid from the Fee and Expense Amount.On August 12, 2026 at 1:30 p.m., a hearing (the "Settlement Hearing") will be held before the Honorable Sherilyn Peace Garnett at the United States District Court for the Central District of California, First Street Courthouse, 350 W. 1st Street, Los Angeles, California 90012, to, among other things: (i) determine whether the Settlement should be approved as fair, reasonable, and adequate and in the best interests of the Company and its stockholders; (ii) consider any objections to the Settlement submitted in accordance with the procedures outlined in Exhibit C to the Stipulation (iii) determine whether a final judgment should be entered dismissing the Action with prejudice, and releasing the Released Claims against the Released Persons (as defined in the Stipulation); (iv) determine whether the Court should approve the agreed-to Fee and Expense Amount and Service Awards for Plaintiffs; and (v) consider such other matters as may be necessary or proper under the circumstances. Because this is not a class action, except as otherwise provided for in the Stipulation with respect to the Plaintiffs, no Current Maison Stockholder has the right to receive any individual compensation as a result of the Settlement.This Summary Notice provides a condensed overview of certain provisions of the Stipulation and the full Notice of Pendency and Proposed Settlement of Stockholder Derivative Action (the "Notice"). It is not a complete statement of the events of the Action or the terms set forth in the Stipulation. This summary should be read in conjunction with, and is qualified in its entirety by reference to, the text of the Stipulation. For additional information about the claims asserted in the Action, and the terms of the proposed Settlement, you may inspect the Stipulation and its exhibits and other papers at the Clerk's office in the Court at any time during regular business hours. In addition, copies of the Stipulation and its exhibits and the Notice are available on the Investor Relations page of the Company's website, https://investors.maisonsolutionsinc.com/additional-documents.The Court may, in its discretion, decide to hold the Settlement Hearing telephonically or by videoconference and/or to change the date and/or time of the Settlement Hearing without further notice to you. If you intend to attend the Settlement Hearing, please consult the Court's calendar or the Investor Relations page of the Company's website, https://investors.maisonsolutionsinc.com/additional-documents, for any change in the format, date, or time of the Settlement Hearing.Inquiries about the Action or the Settlement may be made to: Timothy Brown, The Brown Law Firm, P.C., 767 Third Avenue, Suite 2501, New York, NY 10017, Telephone: (516) 922-5427, Email: tbrown@thebrownlawfirm.net.You may enter an appearance before the Court, at your own expense, individually or through counsel of your choice. If you want to object at the Settlement Hearing, you must be a Current Maison Stockholder and you must first comply with the procedures for objecting that are set forth in the Notice. Any objection to any aspect of the Settlement must be filed with the Clerk of the Court and sent to Plaintiffs' Counsel and Defendants' Counsel no later than July 22, 2026 (21 days before the Settlement Hearing), in accordance with the procedures set forth in the Stipulation and the Notice. Any Current Maison Stockholder who fails to object in accordance with such procedures will be bound by the Order and Final Judgment of the Court granting final approval to the Settlement and the releases of claims therein, and shall be deemed to have waived the right to object (including the right to appeal) and forever shall be barred, in this proceeding or in any other proceeding, from raising such objection.CURRENT MAISON STOCKHOLDERS AS OF FEBRUARY 27, 2026 WHO HAVE NO OBJECTION TO THE SETTLEMENT DO NOT NEED TO APPEAR AT THE SETTLEMENT HEARING OR TAKE ANY OTHER ACTION.PLEASE DO NOT CALL THE COURT OR DEFENDANTS WITH QUESTIONS ABOUT THE SETTLEMENT.SOURCE: Maison Solutions Inc.View the original press release on ACCESS NewswireOriginal: Notice of Proposed Settlement of Stockholder Derivative Action: Maison Solutions Inc.
US Market News
1月前
Maison Solutions Announces Reverse Stock SplitApril 22, 2026 11:00 AM
ACCESS NewswireMONTEREY PARK, CA / ACCESS Newswire / April 22, 2026 / Maison Solutions Inc. (NASDAQ:MSS) ("Maison Solutions" or the "Company"), a specialty grocery retailer offering traditional Asian food and merchandise to U.S. consumers, today announces that, as previously approved by the stockholders of the Company, it will implement a 1-for-10 reverse stock split of its outstanding shares of Class A common stock, effective on April 24, 2026, at 12:01 a.m. Eastern Time (the "Reverse Split"). The Company's Class A common stock will continue to trade on the Nasdaq Capital Market ("Nasdaq") under the symbol "MSS" and will begin trading on a split-adjusted basis at the opening of the market on April 24, 2026, with a new CUSIP number 560667305.The Reverse Split was approved by the holders of a majority of the of the Company's outstanding stock entitled to vote on October 19, 2025, and the Company's Board of Directors on April 13, 2026. The Reverse Split is intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining the listing of its Class A common stock on Nasdaq.As of the effective time of the Reverse stock split, every 10 shares of issued and outstanding Class A common stock will automatically be combined and converted into one share. This consolidation will reduce the number of shares of the Company's outstanding Class A common stock from approximately 28,841,007 to approximately 2,884,101. In addition, the exercise prices of and number of shares subject to the Company's outstanding warrants, and the conversion prices of the Company's outstanding convertible securities, if any, will likewise be proportionately adjusted in accordance with their respective terms. Proportionate adjustments will be made to the number of shares issued and issuable under the Company's existing stock incentive plans.No fractional shares of common stock will be issued in connection with the Reverse Split. Stockholders that would hold a fractional share of common stock as a result of the Reverse Split will have such fractional shares of common stock rounded up to the nearest whole share of common stock. VStock Transfer LLC will act as the exchange agent for the Reverse Split and will provide stockholders with a transaction statement that reflects their post-split shareholdings. The number of authorized shares of common stock and the par value per share will remain unchanged.About Maison Solutions Inc.Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, particularly to members of Asian-American communities. The Company is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. Since its formation in 2019, the Company has acquired equity interests in four traditional Asian supermarkets in the Los Angeles, California area, operating under the brand name HK Good Fortune, and three supermarkets in the Phoenix and Tucson, Arizona metro areas, operating under the brand name Lee Lee International Supermarket. To learn more about Maison Solutions, please visit the Company's website at www.maisonsolutionsinc.com. Follow us on LinkedIn and X.Forward-Looking and Cautionary StatementsThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. Forward-looking statements may include, but are not limited to, statements related to the Reverse Stock Split, the effectiveness of the Certificate of Amendment, and the Company's ability to regain compliance with Nasdaq's minimum bid price requirement, as well as statements, other than historical facts, that address activities, events or developments that the company intends, expects, projects, plans, believes or anticipates will or may occur in the future. These forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC, copies of which are available on the SEC's website at www.sec.gov. Additionally, new risk factors emerge from time to time, and it is not possible for us to predict all such risk factors, or to assess the impact such risk factors might have on our business. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after the date of this release, except as required by law.Investor Relations Contact:
info@maisonsolutionsinc.comSOURCE: Maison Solutions, Inc.View the original press release on ACCESS NewswireOriginal: Maison Solutions Announces Reverse Stock Split
US Market News
3月前
Maison Solutions Inc. Reports Fiscal 2026 Third Quarter ResultsMarch 17, 2026 6:10 PM
ACCESS NewswireMONTEREY PARK, CA / ACCESS Newswire / March 17, 2026 / Maison Solutions Inc. (NASDAQ:MSS) ("Maison" or the "Company"), a specialty grocery retailer offering traditional Asian food and merchandise to U.S. consumers, today announced financial results for its fiscal third quarter ended January 31, 2026.For the quarter, the Company incurred a net loss of $5.2 million. This result was primarily driven by $3.9 million in non-cash or non-recurring items, including fair value adjustments on derivative liabilities and unrealized losses on digital assets, which the Company believes do not reflect the strengthening of its core retail operations.Third Quarter 2026 HighlightsSignificant Margin Expansion: Gross margin increased to 25.5%, compared to 21.8% in the prior-year quarter, driven by a more efficient store portfolio and improved merchandise margin performance.Gross Profit Growth: Gross profit increased to $7.5 million, compared to $7.0 million in the prior-year quarter, despite a targeted reduction in store count.Selling expenses were $4.4 million, compared to $4.4 million in the prior-year quarter, demonstrating continued discipline in selling and marketing spend.Strengthened Balance Sheet: Cash and cash equivalents increased to $1.5 million as of January 31, 2026, compared to $0.8 million as of April 30, 2025.Successful Debt Elimination: The Company fully repaid the Lee Lee acquisition note on September 8, 2025, further strengthening its financial position and simplifying its capital structure.Core Operational Resilience: Excluding non-cash and non-recurring financial items, core supermarket operations demonstrated a stabilized and improving profit profile following the strategic closure of underperforming units.Management Commentary"Our third quarter results demonstrate the successful execution of our 'Quality over Quantity' strategy," said John Xu, Chief Executive Officer of Maison Solutions. "By proactively closing underperforming locations like El Monte, we have successfully optimized our store portfolio. This discipline is reflected in our 370-basis-point gross margin improvement, proving that a leaner, more efficient footprint is the path to long-term profitability."John Xu continued, "At the same time, we are actively advancing our broader operational transformation initiatives. We believe artificial intelligence and data-driven systems can play an important role in improving supply chain coordination, merchandising, inventory visibility, and overall operating efficiency across our platform. While we remain in the early stages of this effort, we see meaningful long-term opportunity to modernize our operations and support more scalable growth."Fiscal Third Quarter 2026 Results AnalysisRevenue: Net revenue was $29.5 million, compared to $32.3 million in the prior-year quarter. This change was primarily driven by the strategic decision to close underperforming stores to preserve overall profitability.Gross Profit: Gross profit rose to $7.5 million, representing a year-over-year increase of 7.0%. The increase was driven by a more efficient store base and enhanced supply chain efficiencies.Operating Expenses: Selling expenses remained disciplined at $4.4 million, essentially flat compared to the prior year. General and administrative expenses included $0.8 million in non-cash stock compensation and a $1.9 million one-time bad debt provision.Net Loss Reconciliation: Net loss attributable to the Company was $5.2 million. This figure was heavily impacted by approximately $3.9 million in non-cash or non-recurring items, including:A $0.99 million non-cash loss on the change in fair value of derivative liabilities.A $0.98 million unrealized loss on digital asset investments (Worldcoin).The aforementioned $1.9 million bad debt expense.Liquidity: The Company maintained a healthy cash position of $1.5 million. The successful repayment of the $5.6 million Lee Lee note further solidifies Maison's financial standing.Strategic OutlookMaison Solutions remains committed to a modern, technology-first approach to specialty retail. Our focus for 2026 includes:Efficiency Through Technology: Leveraging AI-powered systems for shelf display and supply chain management to reduce shrinkage and optimize inventory.Market Leadership: Strengthening our footprint in the Arizona market while maintaining a premium, high-margin presence in Southern California.Nasdaq Compliance: The Company is eligible for an additional 180-day period (until July 6, 2026) to regain compliance with the minimum bid price requirement and is actively monitoring options to resolve this.About Maison Solutions Inc.Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, particularly to members of Asian-American communities. The Company is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. Since its formation in 2019, the Company has acquired equity interests in four traditional Asian supermarkets in the Los Angeles, California area, operating under the brand name HK Good Fortune, and three supermarkets in the Phoenix and Tucson, Arizona metro areas, operating under the brand name Lee Lee International Supermarket. To learn more about Maison Solutions, please visit the Company's website at www.maisonsolutionsinc.com. Follow us on LinkedIn and X.Cautionary Note Concerning Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC, copies of which are available on the SEC's website at www.sec.gov. Maison Solutions undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after the date of this release, except as required by law.Investor Relations Contact:
info@maisonsolutionsinc.comSOURCE: Maison Solutions, IncView the original press release on ACCESS NewswireOriginal: Maison Solutions Inc. Reports Fiscal 2026 Third Quarter Results
tw0122
2年前
First Quarter 2025 Financial Results
Total net revenues for the first quarter increased 115.6% to $29.6 million compared to $13.8 million in the same period last fiscal year. The increase was primarily driven by the inclusion of revenues from the Company’s newly acquired subsidiary, Lee Lee Oriental Supermart, Inc. (“Lee Lee”) (acquired in April 2024), totaling $18.2 million.
Net revenues from perishable goods for the first quarter increased 96.7% to $15.2 million compared to $7.7 million in the same period last fiscal year. Net revenues from non-perishable goods for the first quarter increased 139.8% to $14.5 million compared to $6.0 million in the same period last fiscal year.
Total cost of revenues for the first quarter was $21.4 million compared to $10.6 million in the same period last fiscal year. The increase was primarily due to the Lee Lee acquisition, which increased the Company’s cost of revenues by $12.3 million; this was partly offset by decreased cost of revenues from the Company’s four California-based supermarkets by $1.6 million.
Gross profit for the first quarter was $8.3 million, while gross margin was 27.9%. Gross profit for the same period last fiscal year was $3.1 million, while gross margin was 22.6%. The increase was primarily due to the higher gross profit from the Lee Lee stores. Boasting three sizable stores, Lee Lee is one of the largest international markets in Arizona and offers authentic flavors and exotic products from over 30 countries and regions, featuring a wide variety of foods that are difficult to find in other local supermarkets.
Net income attributable to Maison Solutions for the first quarter was approximately $700,000, compared to a net loss of approximately $105,000 for the same period last fiscal year. The increase was primarily due to the aforementioned reasons above around the increases in revenue and gross profit.
Fiscal Year 2025 Guidance
The Company is reiterating the following guidance for fiscal year 2025:
? Revenues between $120 million and $125 million
? Net income positive
For more information regarding Maison Solution’s financial results, including financial tables, please see our Form 10-Q for the first quarter ended July 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s SEC filings can be found on the SEC’s website at https://www.sec.gov/ or the Company’s investor relations site at https://investors.maisonsolutionsinc.com/.
About Maison Solutions Inc.
Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, particularly to members of Asian-American communities. The Company is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while al