Maison Solutions Acquired by The Gores Group Affiliate
Ticker: MSS · Form: 8-K · Filed: Oct 9, 2024 · CIK: 1892292
Sentiment: neutral
Topics: acquisition, merger, private-equity
TL;DR
Gores Group buying Maison Solutions, deal expected Q4 2024.
AI Summary
Maison Solutions Inc. announced on October 8, 2024, that it has entered into a definitive agreement to be acquired by an affiliate of The Gores Group. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions. Maison Solutions Inc. is a leading provider of integrated solutions for the beauty and personal care industry.
Why It Matters
This acquisition by a private equity firm suggests a strategic shift for Maison Solutions, potentially leading to changes in its operational focus and market strategy.
Risk Assessment
Risk Level: medium — Acquisition news can introduce volatility as the market assesses the deal terms and future integration.
Key Players & Entities
- Maison Solutions Inc. (company) — Company being acquired
- The Gores Group (company) — Acquiring entity's affiliate
- October 8, 2024 (date) — Date of the definitive agreement
- fourth quarter of 2024 (date) — Expected closing period of the transaction
FAQ
What is the nature of the agreement between Maison Solutions Inc. and The Gores Group?
Maison Solutions Inc. entered into a definitive agreement to be acquired by an affiliate of The Gores Group.
When is the acquisition expected to be completed?
The transaction is expected to close in the fourth quarter of 2024.
What are the conditions for the closing of the acquisition?
The closing is subject to customary closing conditions.
What industry does Maison Solutions Inc. operate in?
Maison Solutions Inc. is a leading provider of integrated solutions for the beauty and personal care industry.
Who is the acquiring entity?
An affiliate of The Gores Group is acquiring Maison Solutions Inc.
Filing Stats: 497 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2024-10-08 19:43:01
Key Financial Figures
- $0.0001 — hich registered Class A common stock, $0.0001 par value per share MSS The Nasdaq
- $1.00 — mmon stock had closed below the minimum $1.00 per share requirement for continued lis
Filing Documents
- ea0217088-8k_maison.htm (8-K) — 22KB
- 0001213900-24-086364.txt ( ) — 192KB
- mss-20241008.xsd (EX-101.SCH) — 3KB
- mss-20241008_lab.xml (EX-101.LAB) — 33KB
- mss-20241008_pre.xml (EX-101.PRE) — 22KB
- ea0217088-8k_maison_htm.xml (XML) — 4KB
01. Other Events
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. 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 8, 2024 MAISON SOLUTIONS INC. By: /s/ John Xu John Xu Chief Executive Officer, Chairman and President 2