Latest news with #MaisonSolutions
Associated Press
30-07-2025
- Business
- Associated Press
MSS ALERT: Bragar Eagel & Squire, P.C. is Investigating Maison Solutions on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C. Litigation Partners Encourage Investors Who Suffered Losses In Maison Solutions (MSS) To Contact Him Directly To Discuss Their Options If you are a long-term stockholder in Maison Solutions between October 5, 2023 to December 15, 2023 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. NEW YORK, July 30, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Maison Solutions Inc. (NASDAQ: MSS) on behalf of long-term stockholders following a class action complaint that was filed against Maison on January 2, 2024 with a Class Period of (a) Class A common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the 'Registration Statement') issued in connection with the Company's October 2023 initial public offering ('IPO' or the 'Offering'); and/or (b) securities from October 5, 2023 to December 15, 2023. Our investigation concerns whether the board of directors of Maison have breached their fiduciary duties to the company. On May 22, 2023, Maison Solutions filed a registration statement on Form S-1, which after six amendments (and three post-effective amendments) was declared effective on September 29, 2023. On October 5, 2023, Maison Solutions filed a prospectus on Form 424B4 with the SEC in connection with the IPO, which incorporated and formed part of the Registration Statement (the 'Prospectus' and, together with the Registration Statement, the 'Offering Documents'). Between October 5, 2023 and October 10, 2023, Maison Solutions conducted the IPO pursuant to the Offering Documents, issuing 2,500,000 common shares of the Company's securities to the public at the Offering price of $4.00 per share, of which approximately $10,000,000 went to the Company as proceeds before expenses and after applicable underwriting discounts and commissions. According to the filed complaint, the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Specifically, the Offering Documents were false or misleading or failed to disclose that: (1) the Company had engaged with auditors and underwriters with poor respective track records for its IPO; (2), the Company's principal vendor is an undisclosed related party; (3) Defendant Xu has had past legal issues as a result of his business conduct. If you are a long-term stockholder of Maison, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit Attorney advertising. Prior results do not guarantee similar outcomes. Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X. Contact Information: Bragar Eagel & Squire, P.C. Brandon Walker, Esq. Marion Passmore, Esq. (212) 355-4648 [email protected]
Associated Press
08-05-2025
- Business
- Associated Press
Maison Solutions Registers Shares of Class A Common Stock for Stock Incentive Plan
MONTEREY PARK, CA / ACCESS Newswire / May 8, 2025 / Maison Solutions Inc. (NASDAQ:MSS) ('Maison Solutions' or the 'Company'), a U.S.-based specialty grocery retailer offering traditional Asian and international food and merchandise, announced that it filed a registration statement on Form S-8 (the 'Registration Statement') with the Securities and Exchange Commission on May 2, 2025, registering 3,000,000 shares of the Company's Class A common stock available for issuance under the Maison Solutions Inc. 2023 Stock Incentive Plan (the 'Plan'). Under the Plan, the Company may issue up to 3,000,000 shares of Class A common stock pursuant to awards granted under the Plan to eligible employees, directors, officers, consultants and independent contractors. The Registration Statement was immediately effective upon filing on May 2, 2025. John Xu, Chief Executive Officer of Maison Solutions commented, 'This plan highlights our unwavering commitment to long-term value creation and reinforces the alignment between our team and our valued shareholders. We remain confident in the Company's strategic direction and dedication to its sustained success. Our team remains fully committed to executing our growth strategy and delivering lasting results for our shareholders.' About Maison Solutions Inc. Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, particularly to members of Asian-American communities. The Company is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. Since its formation in 2019, the Company has acquired equity interests in four traditional Asian supermarkets in the Los Angeles, California area, operating under the brand name HK Good Fortune, and three supermarkets in the Phoenix and Tucson, Arizona metro areas, operating under the brand name Lee Lee International Supermarket. To learn more about Maison Solutions, please visit the Company's website at Follow us on LinkedIn and X. Cautionary Note Concerning Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC, copies of which are available on the SEC's website at Maison Solutions undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after the date of this release, except as required by law. Investor Relations Contact: Gateway Group, Inc. +1-949-574-3860 [email protected] SOURCE: Maison Solutions, Inc press release
