Maison Solutions Inc. Receives Additional Nasdaq Notification Regarding Delayed Filing of Quarterly Report on Form 10-Q
The filing backlog now covers both annual and quarterly reports, while the deadline to submit a Nasdaq compliance plan remains unchanged.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Maison Solutions (MSS) received another Nasdaq noncompliance notice on September 23, 2026, after failing to file its quarterly report on time.
The Form 10-Q covers the quarter ended July 31, 2026. Its Form 10-K for the fiscal year ended April 30, 2026, also remains overdue. The notice has no immediate effect on its Class A shares, which continue trading on the Nasdaq Capital Market. The existing October 19, 2026 deadline to submit a compliance plan is unchanged. If Nasdaq accepts the plan, it may allow up to 180 calendar days from the Form 10-K’s due date, until February 9, 2027, to file both reports.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.Nasdaq may allow up to 180 calendar days from the Form 10-K’s due date if it accepts the plan.
- Minor pointClass A shares continue trading on the Nasdaq Capital Market; the notice has no immediate listing effect.
Negative
- Major pointForm 10-Q for the quarter ended July 31, 2026, was not filed on time, prompting another Nasdaq notice.
- Minor pointForm 10-K for the fiscal year ended April 30, 2026, remains overdue.
- Minor pointOctober 19, 2026 remains the deadline to submit a Nasdaq compliance plan.
News Explained
The appeal option is conditional: Maison Solutions may appeal to a Nasdaq Hearings Panel if Nasdaq does not accept its compliance plan; the release describes a possible next step, not a completed appeal.
Details
Market move: MSS +4.52% vs previous close. 10-Q filing notice
On Sep 29, the day this news came out, the latest delayed price for MSS is 4.52% above the previous close. Our momentum scanner has recorded 6 alerts for this stock so far that day. The latest delayed price is $1.74. Relative volume is elevated at 2.9x the average.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- Compliance-plan deadline
- October 19, 2026
- Deadline to submit a plan to Nasdaq
- Potential extension
- Up to 180 calendar days
- Conditional on Nasdaq accepting the plan; measured from the Form 10-K due date
- Potential filing deadline
- February 9, 2027
- Conditional deadline to file the Form 10-K and Form 10-Q if Nasdaq grants an exception
Historical Context
-
Earlier Nasdaq notice for delinquent 10-K established the October 19 compliance-plan deadline.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
form 10-q regulatory
form 10-k regulatory
nasdaq listing rule 5250(c)(1) regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
MONTEREY PARK, CA / ACCESS Newswire / September 29, 2026 / Maison Solutions Inc. (Nasdaq:MSS) (the "Company") today announced that, on September 23, 2026, it received a notification letter from the Listing Qualifications staff of The Nasdaq Stock Market LLC ("Nasdaq") stating that, because the Company had not timely filed its Quarterly Report on Form 10-Q for the quarter ended July 31, 2026 (the "Form 10-Q"), and because the Company remains delinquent in filing its Annual Report on Form 10-K for the fiscal year ended April 30, 2026 (the "Form 10-K"), it is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the U.S. Securities and Exchange Commission (the "SEC").
The notification has no immediate effect on the listing of the Company's Class A common stock, which continues to trade on The Nasdaq Capital Market under the symbol "MSS."
Under the Nasdaq listing rules, the Company has until October 19, 2026 to submit to Nasdaq a plan to regain compliance with the rule. As previously disclosed, on August 20, 2026, the Company received a notification from Nasdaq concerning the late filing of the Form 10-K. The October 19, 2026 deadline to submit a plan to regain compliance was established in that earlier notification and remains unchanged following receipt of the September 23, 2026 notification. If Nasdaq accepts the plan, it may grant the Company an exception of up to 180 calendar days from the Form 10-K's due date, or until February 9, 2027, to file the Form 10-K and the Form 10-Q to regain compliance. If Nasdaq does not accept the plan, the Company may appeal the determination to a Nasdaq Hearings Panel.
The Company is working diligently to regain compliance with Nasdaq's listing rules.
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 faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. The Company's grocery retail operations are located in Southern California and Arizona under the HK Good Fortune and Lee Lee International brands. For more information about Maison Solutions, please visit www.maisonsolutionsinc.com. Follow the Company on LinkedIn and X.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the Company's intention to submit a plan to regain compliance and its ability to regain and maintain compliance with Nasdaq's listing requirements. These statements are based on the Company's current expectations and are subject to risks and uncertainties, including Nasdaq's acceptance of the Company's plan and the outcome of any appeal, and actual results may differ materially. Additional risks are described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations Contact: Maison Solutions Inc. | Email: info@maisonsolutionsinc.com
SOURCE: Maison Solutions, Inc
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What happens if Nasdaq does not accept Maison Solutions’ compliance plan?
Maison Solutions may appeal that determination to a Nasdaq Hearings Panel.