SplitApr 22, 2026, 11:21 AM
Maison Solutions Inc. Approves 1-for-10 Reverse Stock Split
AI Summary
Maison Solutions Inc. announced that its Board of Directors approved a 1-for-10 reverse stock split of its Class A common stock, effective April 24, 2026. This decision follows the majority stockholders' approval in November 2025, which granted the Board the authority to implement such a split. As a result, every ten outstanding shares will automatically convert into one share, with any fractional shares rounded up to the nearest whole share.
Key Highlights
- Board approved a 1-for-10 reverse stock split on April 13, 2026.
- The reverse stock split will become effective on April 24, 2026.
- Every ten outstanding shares will convert into one share of common stock.
- Fractional shares resulting from the split will be rounded up.