{"id":83446,"date":"2024-08-10T07:57:05","date_gmt":"2024-08-10T07:57:05","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/maison-alert-bragar-eagel-squire-p-c-is-investigating-maison-solutions-inc-on-behalf-of-long-term-stockholders-and-encourages-investors-to-contact-the-firm\/"},"modified":"2024-08-10T07:57:05","modified_gmt":"2024-08-10T07:57:05","slug":"maison-alert-bragar-eagel-squire-p-c-is-investigating-maison-solutions-inc-on-behalf-of-long-term-stockholders-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/maison-alert-bragar-eagel-squire-p-c-is-investigating-maison-solutions-inc-on-behalf-of-long-term-stockholders-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"MAISON ALERT: Bragar Eagel & Squire, P.C. is Investigating Maison Solutions Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm"},"content":{"rendered":"
\n

NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Maison Solutions Inc. (NASDAQ: MSS) on behalf of long-term stockholders following a class action complaint that was filed against Maison on January 2, 2024 with a Class Period of (a) Class A common stock pursuant and\/or traceable to the registration statement and prospectus (collectively, the \u201cRegistration Statement\u201d) issued in connection with the Company\u2019s October 2023 initial public offering (\u201cIPO\u201d or the \u201cOffering\u201d); and\/or (b) securities from October 5, 2023 to December 15, 2023. Our investigation concerns whether the board of directors of Maison have breached their fiduciary duties to the company.<\/p>\n

On May 22, 2023, Maison Solutions filed a registration statement on Form S-1, which\u00a0after six amendments (and three post-effective amendments) was declared effective on September\u00a029, 2023.
\u00a0
On October 5, 2023, Maison Solutions filed a prospectus on Form 424B4 with the\u00a0SEC in connection with the IPO, which incorporated and formed part of the Registration Statement\u00a0(the \u201cProspectus\u201d and, together with the Registration Statement, the \u201cOffering Documents\u201d).
\u00a0
Between October 5, 2023 and October 10, 2023, Maison Solutions conducted the IPO\u00a0pursuant to the Offering Documents, issuing 2,500,000 common shares of the Company\u2019s securities\u00a0to the public at the Offering price of $4.00 per share, of which approximately $10,000,000 went to\u00a0the Company as proceeds before expenses and after applicable underwriting discounts and
commissions.
\u00a0
According to the filed complaint, the Offering Documents were negligently prepared and, as a result, contained untrue\u00a0statements of material fact or omitted to state other facts necessary to make the statements made not\u00a0misleading and were not prepared in accordance with the rules and regulations governing their\u00a0preparation. Specifically, the Offering Documents were false or misleading or failed to disclose that:\u00a0(1) the Company had engaged with auditors and underwriters with poor respective track records for\u00a0its IPO; (2), the Company\u2019s principal vendor is an undisclosed related party; (3) Defendant Xu has\u00a0had past legal issues as a result of his business conduct.<\/p>\n

If you are a long-term stockholder of Maison, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com<\/a>, by telephone at (212) 355-4648, or by filling out this contact form<\/a>. There is no cost or obligation to you.<\/p>\n

About Bragar Eagel & Squire, P.C.:<\/strong><\/p>\n

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com<\/u><\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

Contact Information:<\/strong><\/p>\n

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com<\/u><\/a>
www.bespc.com<\/u><\/a><\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Aug. 09, 2024 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Maison Solutions Inc. (NASDAQ: MSS) on behalf of long-term stockholders following a class action complaint that was filed against Maison on January 2, 2024 with a Class Period of (a) […]<\/p>\n","protected":false},"author":2,"featured_media":83447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/29481954-f2ff-4756-b5a9-d982a6497bd0","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-83446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t