Arizona Tribune - Maison Solutions Eliminates All Outstanding Convertible Notes, Removing Legacy Financing Overhang

MONTEREY PARK, CA / ACCESS Newswire / August 26, 2026 / Maison Solutions Inc. (NASDAQ:MSS) ("Maison Solutions" or the "Company"), a U.S.-based specialty grocery retailer and emerging platform for technology-enabled business initiatives, today announced that all outstanding obligations under its convertible notes have been paid, satisfied or otherwise discharged, as applicable. Following the completion, no convertible notes remain outstanding.

The milestone concludes a significant component of the Company's legacy financing structure and brings to an end the conversion-related dilution associated with these instruments. Management believes the completion provides greater clarity around the Company's capitalization, reduces an important source of conversion-related market overhang and improves its flexibility as it evaluates future strategic, operational and financing opportunities.

In prior periods, the Company's financing alternatives were constrained by a combination of market conditions, liquidity requirements and other circumstances, which led Maison Solutions to use convertible debt financing that carried a comparatively high cost of capital and resulted in dilution and market overhang for its shareholders. Management recognizes that these structures placed additional pressure on the Company's capital markets profile.

"Resolving our convertible note obligations is an important step in strengthening Maison Solutions," said John Xu, Chairman and Chief Executive Officer of Maison Solutions. "We recognize the impact that repeated conversions have had on our shareholders. With these instruments now fully resolved, no further dilution will result from these notes."

Xu continued, "Going forward, we intend to exercise significantly greater discipline in how we finance the Company. To the extent practicable and subject to the Company's capital needs and market conditions, management will make every reasonable effort to avoid financing structures that could create similar levels of dilution, conversion pressure or market overhang, and will prioritize alternatives that we believe better align the interests of the Company with those of its long-term shareholders."

The elimination of the convertible notes forms part of a broader effort by the Company to improve its financial and operating profile. Maison Solutions has been taking steps to streamline its business portfolio, reduce exposure to underperforming operations, strengthen its balance sheet and evaluate opportunities that management believes can support the Company's long-term development.

With this legacy financing issue now resolved, management intends to focus its resources on operating performance, capital discipline and the execution of strategic initiatives designed to build a stronger and more sustainable foundation for the Company.

"We understand the burden these financing structures placed on our shareholders, and we do not take that lightly," Xu added. "Protecting the integrity of our capital structure and minimizing unnecessary dilution will be a clear priority for management as we move forward. Our responsibility now is to demonstrate progress through disciplined execution and long-term value creation."

About Maison Solutions Inc.

Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, particularly to members of Asian American communities. The Company is committed to providing Asian fresh produce, meat, seafood and other daily necessities in a manner that caters to traditional Asian American family values and cultural norms, while also accounting for the faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. The Company's grocery retail operations are located in Southern California and Arizona under the HK Good Fortune and Lee Lee International brands. For more information about Maison Solutions, please visit www.maisonsolutionsinc.com. Follow the Company on LinkedIn and X.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the expected effects of the elimination of the Company's convertible notes; the Company's financial and strategic flexibility; management's intended approach to future financing and dilution; the Company's efforts to streamline its business portfolio, strengthen its balance sheet and improve operating performance; and the execution and anticipated benefits of strategic initiatives. These statements are based on the Company's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including the Company's liquidity and capital requirements; its ability to obtain financing on acceptable terms, or at all; the possibility that future financing or other outstanding equity-linked securities may result in dilution; market conditions; the possibility that the anticipated benefits of extinguishing the notes may not be realized; the Company's ability to execute its operating and strategic plans; and the risks described in the Company's filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact: Maison Solutions Inc. | Email: [email protected]

SOURCE: Maison Solutions Inc.

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