Maison Solutions Inc.

10/09/2024 | Press release | Distributed by Public on 10/09/2024 04:01

Material Event Form 8 K

Item 8.01. Other Events.


As previously disclosed, on September 17, 2024, Maison Solutions Inc. (the "Company") received a letter (the "Nasdaq Staff Deficiency Letter") from The Nasdaq Stock Market LLC ("Nasdaq") indicating that, for the last thirty (30) consecutive business days, the bid price for the Company's common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement").

On October 8, 2024, the Company received a letter from Nasdaq notifying the Company that it had regained compliance with the Minimum Bid Price Requirement, because for the 10 consecutive business days from September 24 through October 7, 2024, the closing bid price of the Company's common stock had been at $1.00 per share or greater. Accordingly, the Company has regained compliance with the Minimum Bid Price Requirement and Nasdaq considers this matter closed.