SplitJul 20, 2026, 04:07 PM
Maison Solutions Announces 1-for-5 Reverse Stock Split
AI Summary
Maison Solutions Inc. announced a 1-for-5 reverse stock split for its Class A common stock, effective July 22, 2026. This action, approved by stockholders in October 2025 and the Board in June 2026, aims to maintain the company's compliance with Nasdaq's $1.00 minimum bid price requirement. The Class B common stock will also be combined on the same 1-for-5 basis, reducing the outstanding shares from 300,000 to 60,000. This follows a previous 1-for-10 reverse stock split that became effective on April 24, 2026.
Key Highlights
- Maison Solutions announced a 1-for-5 reverse stock split for its Class A common stock.
- The reverse stock split will become effective at 12:01 a.m. Eastern Time on July 22, 2026.
- The Class A common stock will begin trading on a split-adjusted basis on Nasdaq at market open on July 22, 2026.
- The reverse split is intended to maintain compliance with Nasdaq's $1.00 minimum bid price requirement.
- Class B common stock will also be combined on a 1-for-5 basis, reducing 300,000 shares to 60,000 shares.
- No fractional shares will be issued; any fractional share will be rounded up to the nearest whole share.
- The new CUSIP number for the Class A Common Stock following the reverse split is 560667404.
- The company previously effected a 1-for-10 reverse stock split on April 24, 2026.
Price Impact
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