MONTEREY PARK, CA / ACCESS Newswire / December 22, 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, today announced financial results for the second quarter and six months ended October 31, 2025. Management Commentary John Xu, Chief Executive Officer of Maison Solutions commented: "Over the past few months, we've begun to activate our Worldcoin treasury initiative, made ...

Financial Performance - The company reported a net loss of $5,973,499 from continuing operations for the six months ended October 31, 2025, with an accumulated deficit of $8.2 million and negative working capital of $4.19 million [239]. - Net revenues for the three months ended October 31, 2025, were $27,624,503, a decrease of 5.9% compared to $29,351,731 in the same period in 2024 [275]. - Gross profit for the three months ended October 31, 2025, was $6,451,839, down 18.2% from $7,885,654 in 2024 [275]. - The company reported a net loss from continuing operations of $5,212,923 for the three months ended October 31, 2025, compared to a loss of $62,158 in 2024, representing an increase of 8,286.6% [275]. - For the six months ended October 31, 2025, net revenues were approximately $54.8 million, a decrease of $2.7 million or 4.8% from $57.5 million in 2024 [291]. - Net income (loss) attributable to Maison Solutions Inc. for the six months ended October 31, 2025, was a loss of $6.5 million, compared to a profit of $444,899 in 2024, representing a decrease of 1,563.1% [291]. - Net loss from continuing operations increased by 702.5% to $6.04 million in 2025, compared to a net income of $1 million in 2024, primarily due to decreased gross profit and increased operating expenses [306]. Operating Expenses - Total operating expenses increased by 12.2% to $7,808,858 in the three months ended October 31, 2025, compared to $6,959,358 in 2024 [275]. - General and administrative expenses increased by 50.4% to $3,010,952 for the three months ended October 31, 2025, compared to $2,001,346 in 2024 [275]. - Total operating expenses for the six months ended October 31, 2025, were approximately $14.2 million, an increase of $1.2 million or 8.9% from $13.0 million in 2024 [291]. - Total operating expenses rose by 8.9% from approximately $13 million in 2024 to about $14.2 million in 2025, with selling expenses increasing by 1.5% and general and administrative expenses increasing by 28.3% [296][297]. Cash Flow and Financing - Cash and cash equivalents as of October 31, 2025, were approximately $1.37 million, with a working capital deficit of about $4.19 million [307]. - Net cash used in operating activities was approximately $636,479 for the six months ended October 31, 2025, compared to a net cash provided of $4.7 million in 2024 [314][315]. - The company completed an IPO on October 10, 2023, raising net proceeds of approximately $8.72 million from the sale of 2.5 million shares at $4.00 per share [309]. - On November 22, 2023, the company raised approximately $4.60 million through a PIPE offering, selling 1.19 million shares at $4.20 per share [310]. - The company may seek additional financing, which could involve issuing more equity or debt, potentially leading to dilution for existing shareholders [311]. - Net cash used in investing activities was $2.0 million for the six months ended October 31, 2025, primarily due to the purchase of digital assets amounting to $2,037,096 [319]. - Net cash provided by financing activities was approximately $3.3 million for the six months ended October 31, 2025, mainly from a bank loan of $5,250,000 and proceeds from a promissory note of $4,844,000 [320]. Strategic Moves and Investments - The company invested $1,440,000 for a 40% equity interest in HKGF Market of Arcadia, LLC, and an additional $360,000 for another 10% interest, indicating ongoing market expansion efforts [228]. - The company plans to acquire the remaining 90% equity interest in the Alhambra Store, which is currently 10% owned, to operate it as the first satellite store [226]. - The company closed the Maison El Monte store and agreed to pay $100,000 to terminate the lease, reflecting a strategic move to improve profitability [230]. - The company aims to strengthen its sales force and increase marketing activities to boost revenue, indicating a proactive approach to enhance sales performance [240]. Employee Relations - The company has approximately 334 employees as of October 31, 2025, with no unionization plans reported, maintaining good employee relations [236]. Liabilities and Obligations - The derivative liability increased to $2,462,150 as of October 31, 2025, from $1,004,230 as of April 30, 2025 [257]. - The company's contract liability related to gift cards was $631,610 as of October 31, 2025, down from $701,929 as of April 30, 2025 [248]. - The total contractual obligations of the Company as of October 31, 2025, amount to $51,336,132, with $5,202,868 due within one year [348]. Digital Assets - Digital assets held as of October 31, 2025, included 2,550,515 units of Worldcoin with a cost basis of $2,919,500 and a fair value of $2,037,096 [266]. - Other expenses surged to $3.37 million in 2025 from $386,627 in 2024, driven by significant losses including $2.69 million on note conversion and $882,404 in unrealized losses on digital assets [299].

As filed with the Securities and Exchange Commission on December 10, 2025 Registration No. 333-[ ] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MAISON SOLUTIONS INC. (Exact name of Registrant as specified in its charter) Delaware 5411 84-2498797 (State or other jurisdiction of incorporation or organization) Approximate date of commencement of the proposed sale to the public: From time to time after this registration ...

Core Insights - Nextpower has announced the opening of an expanded Southeast regional hub and a new Remote Monitoring Center in Nashville, along with a significant increase in U.S. steel fabrication capacity [1] - The new fabrication line, operated by MSS Steel Tubes USA, will double Nextpower's manufacturing capacity for solar tracker systems, supporting utility-scale power plants across the Southeast [1] - The Southeast region added 5 gigawatts (GW) of solar capacity in 2024, bringing the total to nearly 28 GW, with projections to reach 54 GW by 2030 [1] Company Developments - Nextpower's expansion includes the addition of a new fabrication line that is expected to create 150 new jobs, building on the existing 120 skilled jobs at the facility [1] - The partnership with Silicon Ranch Corporation, which has installed over 4 GW of solar energy capacity, is crucial for supporting domestic manufacturing and meeting the increasing demand for electricity in the region [1] - The new Remote Monitoring Center will connect Nashville-based engineers to Nextpower solar tracker projects globally, enhancing operational efficiency [1] Industry Context - The expansion reflects a broader trend in the Southeast, where energy infrastructure is evolving to meet growing clean energy demands [1] - The collaboration between Nextpower and MSS Steel Tubes emphasizes a commitment to American manufacturing and the clean energy transition [1] - The Tennessee Chamber of Commerce highlights the economic momentum and job creation associated with Nextpower's investment in the region [1]

Core Viewpoint - Halper Sadeh LLC is investigating potential breaches of fiduciary duties by certain officers and directors of Maison Solutions Inc. (NASDAQ: MSS), urging shareholders to take action promptly due to possible time limitations on enforcing their rights [1]. Group 1: Shareholder Rights and Legal Options - Long-term shareholders of Maison Solutions Inc. may seek corporate governance reforms, recovery of funds, court-approved financial incentives, or other benefits [2]. - The law firm operates on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees or expenses [2]. Group 2: Importance of Shareholder Participation - Shareholder involvement is crucial for improving company policies, practices, and oversight, which can lead to enhanced transparency, accountability, and ultimately, increased shareholder value [3]. Group 3: Firm's Background and Achievements - Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors [4].

Core Viewpoint - A securities fraud class action against Maison Solutions Inc. has survived a motion to dismiss, and the case is currently stayed as parties attempt to reach a settlement [3][4]. Group 1: Allegations and Legal Proceedings - The class action complaint alleges that Maison Solutions made materially false and misleading statements in its Registration Statement and throughout the Class Period (October 5, 2023 to December 15, 2023) [3]. - Key allegations include the failure to disclose that vendor XHJC Holdings Inc. is a related party, and that the CEO and related entities allegedly used supermarkets to defraud the EB-5 visa program [3]. - As a result of these allegations, the positive statements made by the defendants regarding the company's business and prospects were deemed materially misleading [3]. Group 2: Shareholder Actions - Current shareholders who purchased shares on or shortly after the October 5, 2023 IPO may seek corporate reforms, the return of funds to the company, and a court-approved incentive award at no cost [2][5]. - Shareholders are encouraged to contact Grabar Law Office for further information and assistance regarding their claims [2][5].

As filed with the Securities and Exchange Commission on November 12, 2025 Registration No. 333-286500 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MAISON SOLUTIONS INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 5411 84-2498797 (I.R.S. Employer Identification ...

Core Viewpoint - Grabar Law Office is investigating claims on behalf of shareholders of Maison Solutions Inc. due to a securities fraud class action that has survived a motion to dismiss and is currently stayed pending settlement efforts [1][2]. Group 1: Legal Proceedings - The underlying securities fraud class action complaint against Maison Solutions Inc. alleges that certain officers and directors breached their fiduciary duties [1]. - Key allegations include that Maison made materially false and misleading statements in its Registration Statement and throughout the Class Period (October 5, 2023, to December 15, 2023) [2]. - The court has ordered a stay in the class action litigation as of October 28, 2025, while the parties attempt to reach a settlement [3]. Group 2: Allegations Against Maison Solutions Inc. - The complaint claims that Maison failed to disclose that its vendor, XHJC Holdings Inc., is a related party [2]. - It is alleged that the CEO and related entities used supermarkets as a front to defraud the EB-5 visa program [2]. - As a result of these issues, the positive statements made by the defendants regarding the company's business and prospects were materially misleading [2]. Group 3: Shareholder Actions - Current shareholders who purchased shares on or shortly after the October 5, 2023 IPO may seek corporate reforms, return of funds to the company, and a court-approved incentive award at no cost [2][4]. - Shareholders are encouraged to contact Grabar Law Office for more information regarding their potential claims [4].

Core Viewpoint - Grabar Law Office is investigating claims on behalf of shareholders of Maison Solutions Inc. due to a securities fraud class action that has survived a motion to dismiss, focusing on potential breaches of fiduciary duties by certain officers and directors [1][5] Group 1: Company Background - Maison Solutions Inc. (NASDAQ: MSS) conducted its IPO on October 5, 2023, selling 2,500,000 shares of Class A common stock at a price of $4.00 per share, resulting in net proceeds of approximately $10 million [2] - The class action complaint alleges that during the Class Period (October 5, 2023 through December 15, 2023), Maison made materially false and misleading statements regarding its business operations and relationships [4] Group 2: Allegations and Investigations - Hindenburg Research published a report on December 15, 2023, highlighting "red flags" related to potentially illegal activities involving Maison Solutions [3] - The complaint claims that Maison failed to disclose that its vendor, XHJC Holdings Inc., is a related party and that the CEO and related entities allegedly used supermarkets to defraud the EB-5 visa program, leading to misleading positive statements about the company's prospects [4]

Core Insights - Maison Solutions Inc. has announced the purchase of approximately 2.55 million Worldcoin (WLD) tokens as part of its Digital Asset Treasury initiative [1] Company Summary - Maison Solutions Inc. is a U.S.-based specialty grocery retailer that focuses on traditional Asian and international food and merchandise [1] - The CEO of Maison Solutions, John Xu, expressed satisfaction with the launch of the WLD treasury initiative [1]