DelistingApr 10, 2026, 04:41 PM
DevvStream Receives Nasdaq Delisting Notice for Low Bid Price
AI Summary
DevvStream Corp. received a notice from Nasdaq on April 7, 2026, indicating non-compliance with the minimum bid price rule. The company's common shares traded below $1.00 for 30 consecutive business days from February 23 to April 6, 2026. Due to a reverse stock split within the past year, DevvStream is not eligible for a standard compliance period. The company plans to request a hearing with a Nasdaq Hearings Panel, which will temporarily halt any delisting actions.
Key Highlights
- DevvStream Corp. received a Nasdaq delisting notice on April 7, 2026.
- The company's common shares traded below $1.00 for 30 consecutive business days (Feb 23 - Apr 6, 2026).
- DevvStream is ineligible for a compliance period due to a reverse stock split in the prior year.
- The company intends to request a hearing before a Nasdaq Hearings Panel.
- A timely hearing request will stay any suspension or delisting action.