Nasdaq puts Maison Solutions (NASDAQ: MSS) on clock over late 10-K
Rhea-AI Filing Summary
Maison Solutions Inc. (MSS) disclosed that on August 20, 2026 it received a Nasdaq staff notice that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it did not timely file its Form 10-K for the fiscal year ended April 30, 2026. The notice has no immediate effect on the listing of the Class A common stock, which continues to trade on The Nasdaq Capital Market under the symbol MSS.
Maison Solutions has 60 calendar days, until October 19, 2026, to submit a plan to regain compliance. If Nasdaq accepts the plan, it may grant up to February 9, 2027 to regain compliance; if not, the company can appeal to a Nasdaq Hearings Panel. The company states it is working diligently to complete the Form 10-K and to regain compliance.
Positive
- None.
Negative
- Maison Solutions is currently non-compliant with Nasdaq Listing Rule 5250(c)(1) due to a delayed Form 10-K for the year ended April 30, 2026, introducing a potential Nasdaq delisting risk if compliance is not restored within the allowed timeframe.
8-K Event Classification
3 items: 3.01, 7.01, 9.01
3 items
Item 3.01
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Securities
The company received a delisting notice, failed to satisfy a continued-listing rule or standard, or transferred its listing.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Nasdaq notification date: August 20, 2026
Fiscal year end for delayed Form 10-K: April 30, 2026
Plan submission deadline: October 19, 2026
+2 more
5 metrics
Nasdaq notification date
August 20, 2026
Date Nasdaq staff notified Maison Solutions of non-compliance with Listing Rule 5250(c)(1)
Fiscal year end for delayed Form 10-K
April 30, 2026
Fiscal year for which the Form 10-K was not timely filed
Plan submission deadline
October 19, 2026
60 calendar days from the Nasdaq letter for Maison Solutions to submit a compliance plan
Maximum compliance extension
February 9, 2027
Up to 180 calendar days from the Form 10-K due date if Nasdaq accepts the compliance plan
Trading symbol
MSS
Class A common stock continues to trade on The Nasdaq Capital Market under this symbol
Key Terms
Nasdaq Listing Rule 5250(c)(1), continued listing requirement, Regulation FD Disclosure, Nasdaq Hearings Panel, +1 more
5 terms
Nasdaq Listing Rule 5250(c)(1) regulatory
"it is not in compliance with Nasdaq Listing Rule 5250(c)(1)"
Nasdaq Listing Rule 5250(c)(1) requires companies listed on the Nasdaq stock exchange to promptly notify the exchange if their stock price falls below a certain minimum level, known as the "initial listing standards." This rule helps ensure that investors are aware of significant declines in a company's stock value, which could signal financial trouble or increased risk. Essentially, it helps maintain transparency and protect investors by keeping them informed about important changes in a company's stock performance.
continued listing requirement regulatory
"it no longer satisfies the continued listing requirement of Nasdaq Listing Rule"
Rules a stock exchange sets that a publicly traded company must follow to keep its shares listed, such as minimum share price, market value, shareholder equity, and timely financial reporting. These rules matter to investors because failing them can lead to removal from the exchange, which can make shares harder to buy or sell and often lowers their value — like a club with membership requirements where losing eligibility restricts access and signals trouble.
Regulation FD Disclosure regulatory
"Item 7.01. Regulation FD Disclosure."
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
Nasdaq Hearings Panel regulatory
"the Company may appeal the determination to a Nasdaq Hearings Panel"
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.
forward-looking statements regulatory
"This report contains forward-looking statements, including statements regarding the Company’s intention"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
Why did Maison Solutions Inc. (MSS) receive a Nasdaq notification?
Maison Solutions received a Nasdaq notification on August 20, 2026 because it did not timely file its Annual Report on Form 10-K for the fiscal year ended April 30, 2026, causing non-compliance with Nasdaq Listing Rule 5250(c)(1).
Does the Nasdaq notice immediately affect the listing of MSS stock?
No. The company states the Nasdaq notification has no immediate effect on the listing of its Class A common stock, which continues to trade on The Nasdaq Capital Market under the symbol MSS.
What deadline does MSS have to regain compliance with Nasdaq rules?
Maison Solutions has 60 calendar days from the letter date, until October 19, 2026, to submit a plan to Nasdaq to regain compliance with Rule 5250(c)(1) related to timely filing of periodic reports.
How long an extension could MSS receive to file its delayed Form 10-K?
If Nasdaq accepts the company’s compliance plan, it may grant an exception of up to 180 calendar days from the Form 10-K’s due date, extending the deadline to February 9, 2027 for Maison Solutions to regain compliance.
What options does MSS have if Nasdaq rejects its compliance plan?
If Nasdaq does not accept the plan to regain compliance, Maison Solutions may appeal the determination to a Nasdaq Hearings Panel, as described in the company’s disclosure.
What action is Maison Solutions Inc. (MSS) taking in response to the Nasdaq notice?
Maison Solutions states it is working diligently to complete its Form 10-K for the year ended April 30, 2026 and intends to timely submit a compliance plan to Nasdaq within the 60-day period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
