Press release
Investors who lost money with shares of Maison Solutions Inc. (NASDAQ: MSS) should contact the Shareholders Foundation in connection with Lawsuit
A lawsuit was filed on behalf of investors in Maison Solutions Inc. (NASDAQ: MSS) shares over alleged securities laws violations.
Investors who purchased a significant amount of shares of Maison Solutions Inc. (NASDAQ: MSS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
In October 2023, Maison Solutions Inc conducted its initial public offering ("IPO"), selling 2,500,00 shares of Class A common stock at $4.00 per share.
Then on December 15, 2023, Hindenburg Research published a report about Maison Solutions Inc, alleging a number of "red flags" concerning potentially illegal activities. Hindenburg reported that the Company's Chief Executive Officer, John Xu, is also the President of J&C International Group ("J&C") a company which "support[s] immigration services for high-net-worth Chinese investors" and that J&C, Xu, and an alleged related entity, Hong Kong Supermarkets, allegedly used supermarkets as a front to defraud the EB-5 visa program. Hindenburg's investigation further revealed that the Company may be "being pumped by WhatsApp chat rooms" with screenshots of chatrooms showing "trading plans."
Shares of Maison Solutions Inc. (NASDAQ: MSS) declined to as low as $0.865 per share during January 11, 2024.
The plaintiff claims that between October 5, 2023 and December 15, 2023, the defendants failed to disclose to investors that the Company's vendor XHJC Holdings Inc., is a related party, that the Company's CEO and related entities were alleged to have used supermarkets as a front to defraud the EB-5 visa program, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Maison Solutions Inc. (NASDAQ: MSS) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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