Maison Solutions, a specialty Asian grocer with four stores in Los Angeles County, raised $10 million by offering 2.5 million shares at $4, as expected.
The company has acquired equity interests in four traditional Asian supermarkets in Los Angeles, CA, which it now operates as center retail stores with extra storage capacity to distribute to satellite locations. Its merchandise includes fresh and unique produce, meats, seafood and other groceries that are not found in mainstream supermarkets, including a variety of Asian vegetables and fruits such as Chinese broccoli, Shanghai baby bok choy, longan and lychee; a variety of live seafood such as shrimp, clams, lobster, and Alaska king crab; and Chinese specialty groceries like soy sauce, oyster sauce, Sriracha, tofu, noodles, and dried fish.
Maison Solutions plans to list on the Nasdaq under the symbol MSS. Joseph Stone Capital acted as sole bookrunner on the deal.
