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- Delisting (new) — Company received formal Nasdaq notice of non-compliance with minimum bid price requirement, triggering potential delisting.
DevvStream receives Nasdaq delisting notice after stock falls below $1 for 30 days
Filed April 10, 2026 · Period ending April 7, 2026 · ~1 min read
Key Changes
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DevvStream received formal notice from Nasdaq on April 7, 2026 that its stock closed below $1.00 for 30 consecutive trading days (Feb 23-Apr 6), violating minimum bid price requirements and triggering potential delisting.
Item 3.01 verify on EDGAR → -
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Company is ineligible for the standard 180-day compliance period to fix the issue because it executed a reverse stock split within the past year, which disqualifies it under Nasdaq rules.
Item 3.01 verify on EDGAR → -
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DevvStream will request a hearing before a Nasdaq panel to appeal the delisting. Filing the appeal automatically halts delisting action and allows shares to continue trading during the review process.
Item 3.01 verify on EDGAR →
Summary
DevvStream's stock has been trading below $1.00 per share for an extended period, triggering a formal deficiency notice from Nasdaq. The exchange informed the company on April 7 that it violated minimum listing standards after closing below the $1 threshold for 30 straight business days.
Making matters more challenging, DevvStream cannot use the typical 180-day grace period to regain compliance because it previously executed a reverse stock split—a move that Nasdaq rules specifically cite as disqualifying companies from receiving extra time. The company plans to appeal by requesting a hearing before a Nasdaq panel, which will pause any immediate delisting while the case is reviewed.
Shares will continue trading during this process. However, there's no guarantee the panel will grant relief or that DevvStream can boost its stock price above $1 and maintain it there. Investors should monitor whether the company announces any specific plans to regain compliance, such as another reverse split, business developments that could lift the stock price, or alternative listing arrangements.
Section-by-Section Diff
Event · Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule
Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On April 7, 2026, DevvStream Corp. (the “Company”) received a written notification (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that because the bid price for the Company’s common shares, no par value (“Common Shares”), for the previous 30 consecutive business days, February 23, 2026 to April 6, 2026, has closed below the $1.00 per share minimum, the Company is no longer in compliance with Nasdaq Listing Rule 5450(a) (1) (the “Rule”).
DevvStream received a formal deficiency notice from Nasdaq on April 7, 2026 because its stock price closed below $1.00 per share for 30 consecutive business days from February 23 to April 6, 2026. This violates Nasdaq's minimum bid price requirement under Listing Rule 5450(a)(1). The company's shares are at risk of being delisted from the Nasdaq exchange if compliance is not regained.
Added in current filing · verify on EDGAR →
Further, the Notice states that, pursuant to Nasdaq Listing Rule 5810(c) (3) (A) (iv), the Company is not eligible for any compliance period specified in Nasdaq Listing Rule 5810(c) (3) (A) due to the fact that the Company effected a reverse stock split over the prior one-year period.
DevvStream is not eligible for the standard 180-day compliance period typically granted to companies to regain compliance with the minimum bid price rule. This ineligibility stems from the company having executed a reverse stock split within the prior one-year period, which under Nasdaq rules disqualifies it from receiving additional time to cure the deficiency.
Added in current filing · verify on EDGAR →
The Notice further states that unless the Company timely requests a hearing before a Hearings Panel (the “Panel”), the Company’s securities, including the Common Shares, would be subject to suspension/delisting. Accordingly, the Company intends to timely request a hearing before the Panel. A timely hearing request will automatically stay any further suspension or delisting action by Nasdaq pending the Panel’s decision. During the hearings process with the Panel, the Common Shares will continue to be listed and trade on Nasdaq.
DevvStream plans to request a hearing before a Nasdaq Hearings Panel to appeal the delisting determination. Filing a timely hearing request will automatically halt any suspension or delisting action while the appeal is pending, allowing the company's shares to continue trading on Nasdaq during the hearings process. However, there is no guarantee the Panel will grant continued listing or that the company will regain compliance.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 3, 2026 · How we verify