Maison Solutions Inc.

Maison Solutions Inc. has divested its 91.67% equity interest in Super HK of El Monte, Inc. to DNL Management Inc. for a nominal purchase price of $1.00. The transaction closed on July 2, 2026, with the buyer assuming all debts and liabilities of Super HK of El Monte. The economic results of the sale are effective as of April 30, 2026, for allocation between the parties.

Maison Solutions Inc. announced the divestment of its San Gabriel and Monrovia store operations for an aggregate purchase price of $4.5 million, excluding inventory. The transaction, expected to close by December 31, 2026, is part of a strategic realignment to reduce exposure to underperforming, loss-generating assets. The company aims to improve operating efficiency, strengthen its cash-flow profile, and reallocate resources towards higher-value opportunities, including technology-enabled and AI-related business areas.

Maison Solutions Inc. announced its 2026 Annual Meeting of Stockholders to be held on July 22, 2026, where shareholders will vote on the election of five directors and the ratification of its independent certified public accountants. The proxy statement also details executive compensation, including salary increases for the CEO and CFO, and a change in the Chief Operating Officer position. Additionally, the filing provides information on several related party transactions, including outstanding payables to entities controlled by the CEO and significant purchases from related suppliers.

Maison Solutions Inc. announced a strategic collaboration with SupplyAi and MiniMax to explore AI-native solutions for the North American food retail and supply chain industry. The partnership aims to leverage AI for workflow automation, operational visibility, and data-driven decision-making across various supply chain functions. Maison Solutions will provide business resources and market access, SupplyAi will focus on product development, and MiniMax will contribute its AI model capabilities. The framework is non-binding and requires separate agreements for any definitive transactions.

Maison Solutions Inc. announced it has regained compliance with the Nasdaq Capital Market's $1.00 minimum bid price requirement. The company received written notice from the Nasdaq Listing Qualifications Department on May 11, 2026, confirming its compliance. This resolution ensures the continued listing and trading of Maison Solutions' Class A common stock on Nasdaq, closing the matter that began with a non-compliance notice on July 10, 2025.

Maison Solutions Inc. received a notice from Nasdaq on May 6, 2026, indicating non-compliance with Nasdaq Listing Rule 5620(a). The company failed to hold its annual meeting of stockholders within one year of its fiscal year ended April 30, 2026. Maison Solutions has 45 calendar days to submit a plan to regain compliance and intends to do so, including holding its annual meeting as soon as practicable.

Maison Solutions Inc. announced a proposed settlement of a stockholder derivative action alleging an immigration fraud scheme and misleading IPO filings. As part of the settlement, the company will adopt and maintain corporate governance reforms for five years. Maison's insurer(s) will pay $400,000 for plaintiffs' attorneys' fees and expenses, with service awards for plaintiffs. A settlement hearing is set for August 12, 2026, for court approval.

Maison Solutions Inc. announced a proposed settlement of consolidated stockholder derivative actions alleging immigration fraud and misleading IPO statements between October 2023 and December 2023. As part of the settlement, Maison will implement corporate governance reforms for five years, acknowledging the substantial benefits to the company and its stockholders. The company's insurer will pay $400,000 for plaintiffs' attorneys' fees and expenses, with an additional $3,000 service award for each of the two plaintiffs. A settlement hearing is scheduled for August 12, 2026, to seek court approval.

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.