DevvStream faces Nasdaq delisting after failing net income and bid price requirements

Filed May 22, 2026 · Period ending May 20, 2026 · ~1 min read

Key Changes

• high

  DevvStream failed to meet Nasdaq's $500,000 minimum net income requirement by the May 18, 2026 deadline despite receiving a compliance extension. The Hearings Panel will now consider this deficiency alongside bid price violations when deciding whether to delist the company.

  Item 3.01 verify on EDGAR →
• high

  The company's stock closed below $1.00 for 30 consecutive business days (Feb 23 - Apr 6, 2026), violating Nasdaq's minimum bid price rule. DevvStream is ineligible for the standard compliance period because it already executed a reverse stock split within the prior year.

  Item 3.01 verify on EDGAR →
• high

  A Nasdaq Hearings Panel hearing was held May 19, 2026 to address the bid price deficiency. The Panel will consider both the bid price and net income violations in determining whether DevvStream can remain listed on Nasdaq.

  Item 3.01 verify on EDGAR →