<a href="https://laohu8.com/S/MSS">Maison Solutions</a> Inc. Secures $3 Million Convertible Note Financing
Maison Solutions Inc. has entered into a new financing agreement, issuing an additional senior unsecured convertible promissory note with a principal amount of $3 million to an existing investor under a previously established Securities Purchase Agreement. The note, which matures on October 22, 2027, carries an annual interest rate of 5.25%, with the potential to increase to 18% in the event of default. The company received $2,745,000 in proceeds from the note issuance, which will be used for working capital. Maison Solutions retains the option to redeem the note early and may pay accrued interest in cash or in shares of its Class A common stock. The transaction was conducted as a private placement under exemptions from SEC registration.
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