Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Maison Solutions Inc. due to a class action complaint alleging breaches of fiduciary duties by the company's board of directors following its IPO in October 2023 [1] Group 1: IPO Details - Maison Solutions filed a registration statement on Form S-1 on May 22, 2023, which was declared effective on September 29, 2023, after six amendments [2] - The IPO was conducted between October 5, 2023, and October 10, 2023, issuing 2,500,000 common shares at an offering price of $4.00 per share, resulting in approximately $10 million in proceeds for the company before expenses [3] Group 2: Allegations in the Complaint - The filed complaint claims that the Offering Documents were negligently prepared, containing untrue statements or omitting necessary facts, thus failing to comply with regulatory standards [4] - Specific allegations include: (1) engagement with auditors and underwriters with poor track records, (2) the principal vendor being an undisclosed related party, and (3) past legal issues faced by Defendant Xu due to business conduct [4]
MAISON ALERT: Bragar Eagel & Squire, P.C. is Investigating Maison Solutions Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm