Maison Solutions Inc. filed a Certificate of Amendment to effect a 1-for-10 reverse stock split of its Class A common stock, approved by the Board on March 23, 2026, to raise the per-share bid price above $1.00 and regain compliance with Nasdaq listing rules. The split will convert approximately 27.45 million outstanding shares into about 2.75 million shares, with no change to the authorized share count or par value.
Key takeaways
The Board approved a 1-for-10 reverse stock split of the Company's Class A common stock on March 23, 2026.
The reverse stock split is intended to raise the per-share bid price above $1.00 to regain compliance with Nasdaq Listing Rule 5550(a)(2).
Prior to the split, the Company had 27,451,517 shares of Common Stock issued and outstanding, which will convert into approximately 2,745,151 shares.
The Company's authorized shares of Common Stock remain at 97,000,000, and the par value remains $0.0001 per share.
No fractional shares will be issued; any fractional shares resulting from the split will be rounded up to the nearest whole share.
The reverse stock split does not have any immediate dilutive effect on stockholders, as each will hold the same percentage of Common Stock outstanding.