Maison Solutions will implement a 1-for-5 reverse stock split of its outstanding shares of Class A common stock, effective on July 22, 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 July 22, 2026, with a new CUSIP number 560667404.
The Reverse Split was authorized by the holders of a majority of the Company's outstanding stock entitled to vote on October 19, 2025, and approved by the Company's Board of Directors on June 26, 2026. The Reverse Split is intended to maintain compliance with the $1.00 minimum bid price requirement for continued listing of the Company's Class A common stock on Nasdaq.
As of the effective time of the Reverse Split, every five (5) shares of issued and outstanding Class A common stock will automatically be combined and converted into one share. On the same 1-for-5 basis, and pursuant to the Company's Amended and Restated Certificate of Incorporation, the Company's Class B common stock (all of which is held by John Xu, the Company's Chief Executive Officer) will also be combined, from 300,000 shares to 60,000 shares. In addition, the exercise prices of, and the 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 who would otherwise hold a fractional share of common stock as a result of the Reverse Split will have such fractional share 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 reflecting their post-split shareholdings. The number of authorized shares of common stock and the par value per share will remain unchanged.
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