Maison Solutions Inc. Receives Nasdaq Notification Regarding Delayed Filing of Annual Report on Form 10-K
Maison Solutions (Nasdaq:MSS) reported that on August 20, 2026 it received a Nasdaq Listing Qualifications notice for not timely filing its Form 10-K for the fiscal year ended April 30, 2026, leaving it out of compliance with Nasdaq Listing Rule 5250(c)(1).
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Rhea-AI Summary
Maison Solutions (Nasdaq:MSS) reported that on August 20, 2026 it received a Nasdaq Listing Qualifications notice for not timely filing its Form 10-K for the fiscal year ended April 30, 2026, leaving it out of compliance with Nasdaq Listing Rule 5250(c)(1).
The notice has no immediate effect on the listing of its Class A common stock, which continues to trade on the Nasdaq Capital Market under ticker MSS. The company has until October 19, 2026 to submit a compliance plan, and Nasdaq may grant up to 180 days from the Form 10-K due date, or until February 9, 2027, to regain compliance. If Nasdaq does not accept the plan, Maison Solutions may appeal to a Nasdaq Hearings Panel. The company stated it is working diligently to regain compliance.
Positive
- No immediate delisting: MSS remains listed and trading on Nasdaq
- Potential 180-day extension to February 9, 2027 to regain compliance
Negative
- Non-compliance notice for failure to timely file Form 10-K
- Facing Nasdaq remediation process with a 60-day deadline to submit a plan
Details
Market move: MSS +6.47% in the Aug 25 session. 10-K filing delay
On Aug 25, the day this news came out, MSS closed 6.47% above the previous close. Argus tracked a peak move of +14.3% during that session. Our momentum scanner recorded 11 alerts for this stock that day. Relative volume reached 1.7x the daily average during tracking.
Data tracked by StockTitan Argus for the Aug 25 session.
Key Figures
- Notification date
- August 20, 2026
- Nasdaq Form 10-K filing notification
- Fiscal year-end
- April 30, 2026
- Fiscal year covered by the delayed Form 10-K
- Listing rule
- 5250(c)(1)
- Nasdaq rule requiring timely periodic reports
- Compliance plan deadline
- 60 calendar days
- Deadline to submit a plan to Nasdaq
- Plan submission date
- October 19, 2026
- Deadline stated in the Nasdaq notification
- Possible exception
- 180 calendar days
- Maximum additional period if Nasdaq accepts the plan
- Possible compliance date
- February 9, 2027
- Deadline if Nasdaq grants the maximum exception
Historical Context
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Company received recognition for AI-enabled grocery retail and supply-chain initiatives.
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Letter outlined store divestiture, governance settlement, AI platform formation, and operational priorities.
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Nasdaq confirmed the company regained compliance with its annual meeting requirement.
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Company signed an agreement to establish a majority-controlled artificial intelligence platform.
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Company announced a 1-for-5 reverse split intended to support Nasdaq bid-price compliance.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
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 / August 25, 2026 / Maison Solutions Inc. (Nasdaq:MSS) (the "Company") today announced that, on August 20, 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 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 60 calendar days, or until October 19, 2026, to submit to Nasdaq a plan to regain compliance with the rule. 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 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
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