DelistingJun 23, 2026, 04:22 PM
DevvStream to be Delisted from Nasdaq on June 24
AI Summary
DevvStream Corp. received a notice from Nasdaq on June 22, 2026, indicating its securities will be delisted due to non-compliance with the $1.00 bid price requirement and the Net Income Rule. Trading of the company's common shares on Nasdaq is set to be suspended at the open of business on June 24, 2026. The company plans to appeal the decision, but the appeal will not stay the suspension. Following suspension, shares are expected to trade on the Pink Limited Market and potentially the OTCQB Market, which may adversely affect trading price and volume.
Key Highlights
- DevvStream Corp. received a delisting notice from Nasdaq on June 22, 2026.
- Delisting is due to non-compliance with Nasdaq's $1.00 Minimum Bid Price Rule.
- Company also failed to meet Nasdaq's Net Income Rule.
- Common Shares will be suspended from Nasdaq trading at open of business on June 24, 2026.
- Company intends to appeal the delisting determination to the Listing Council.
- Shares are expected to be eligible for quotation on the Pink Limited Market (OTC Markets) under DEVS.
- Company anticipates filing an application to have shares quoted on the OTCQB Market.
Price Impact
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