Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Maison Solutions Inc. (NASDAQ: MSS) on behalf of long-term stockholders due to a class action complaint filed against the company, alleging breaches of fiduciary duties by the board of directors [1][7]. Group 1: Legal Investigation - The investigation is prompted by a class action complaint filed on January 2, 2024, concerning Class A common stock related to the company's initial public offering (IPO) and securities from October 5, 2023, to December 15, 2023 [1][7]. - The complaint alleges that the Offering Documents were negligently prepared, containing untrue statements of material fact and failing to disclose necessary facts, including the engagement of auditors and underwriters with poor track records and undisclosed related party transactions [7]. Group 2: IPO Details - Maison Solutions conducted its IPO 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 before expenses [7]. - The Offering Documents, which included the registration statement and prospectus, were declared effective on September 29, 2023, after multiple amendments [7].
MAISON SOLUTIONS (MSS) ALERT: Bragar Eagel & Squire, P.C. is Investigating Maison Solutions on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm