Dilution profile // every instrument, one screen, from SEC filings

Maison Solutions Inc. (MSS)

CIK 1892292 · all EDGAR filings →

Overall dilution risk
MEDIUMworst of 3 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
MEDIUM$12.1M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
LOW+27% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2023-07-312024-08-06

Latest: 17.5M shares as of Aug 6, 2024 (10-K).

Cash runway

Self-funding

profitable · generates cash

Full breakdown: cash runway tool

Warrants

TrancheWarrantsExercise priceTermNotes
Warrant125,000not tagged

Tranches exactly as the company dimensioned them in its 10-Q filed Mar 17, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Initial Note$3.0M$500,000$1.38~2.2M sh
Issuance of Second Tranche of Unsecured Convertible Promissory Notenot tagged$3.0M$0.78
Senior Secured Convertible Promissory Note$3.0M$3.0M$1.0289~2.9M sh
Unsecured Convertible Promissory Notenot tagged$0not tagged

If every note above converted at its tagged price: ~5.1M new shares on 17.5M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Mar 17, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Registrations and offerings

Registered offering capacity on live registrations: $12.1Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Dec 11, 2025$12.1M registeredfiling →
S-1Apr 11, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-1Nov 29, 2023no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 3 executed · 3 registered.

UPDATEDec 31, 2025Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEDec 29, 2025SEC declared a registration effective — selling can beginEFFECT
UPDATEDec 19, 2025Prospectus update — often a resale registration, not necessarily new capital424B3
REGISTEREDDec 11, 2025S-1 registration — capacity to sell shares, not a sale yetS-1
REGISTEREDNov 12, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
EXECUTEDOct 22, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDOct 2, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDSep 29, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
REGISTEREDSep 17, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDAug 5, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDJun 25, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A
REGISTEREDApr 11, 2025S-1 registration — capacity to sell shares, not a sale yetS-1

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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