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Get filing alertsCritical incident detected
Existential event
Time-sensitive event — see the red-flag panel below for the source-quoted detail.
Red Flags Detected
- Going Concern (new) — Company now discloses substantial doubt about ability to continue as going concern, citing $11.2M net loss, $13.4M accumulated deficit, and negative working capital.
- Material Weakness (worsened) — Material weaknesses continue to exist as of January 31, 2026, indicating no progress in remediation over the past year.
revenue $29.5M, net income -$5.2M. Maison Solutions reports loss, going-concern doubt, Nasdaq delisting risk
Filed March 17, 2026 · Period ending January 31, 2026 · Compared to 10-Q Mar 17, 2025 · ~2 min read
Key Changes
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Company discloses substantial doubt about ability to continue as going concern, citing $11.2M net loss, $13.4M accumulated deficit, and $6.21M negative working capital—a sharp reversal from prior year's $1.5M net income.
MD&A: Going Concern verify on EDGAR → -
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Nasdaq issued delisting notice in July 2025 for failing to maintain $1.00 minimum bid price; company has until July 6, 2026 to regain compliance and is considering a reverse stock split.
MD&A: Nasdaq Compliance verify on EDGAR → -
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Company purchased 2.55M Worldcoin tokens for $2.9M, now valued at $1.1M (64% unrealized loss), funded by new up to $70M convertible note facility with proceeds contractually earmarked for crypto purchases.
MD&A: Digital Assets verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 11, 2026 · How we verify