Nasdaq Hearings Panel determines to suspend DevvStream from trading
On June 22, 2026, DevvStream Corp. received notice from Nasdaq that its Hearings Panel has determined to suspend the company's securities from the Nasdaq exchange effective at the open of business on June 24, 2026, due to noncompliance with the $1.00 minimum bid price requirement and failure to demonstrate compliance with the net income rule. The company intends to appeal the determination to the Nasdaq Listing and Hearing Review Council, though an appeal would not stay the trading suspension. If suspended, the company's shares are expected to be eligible for quotation on the Pink Limited Market under the symbol DEVS and the company anticipates applying for quotation on the OTCQB Market.
Key facts
- Nasdaq Hearings Panel determined to suspend trading effective June 24, 2026
- Noncompliance with $1.00 minimum bid price requirement (Nasdaq Listing Rule 5550(a)(2))
- Failure to demonstrate compliance with net income rule (Nasdaq Listing Rule 5550(b))
- Company intends to request appeal to Nasdaq Listing and Hearing Review Council
- Suspension would not be stayed by an appeal request
- Shares expected to be eligible for quotation on Pink Limited Market under symbol DEVS
- Company anticipates filing application for OTCQB Market quotation
Why it matters
DevvStream faces immediate suspension of trading on Nasdaq and transition to over-the-counter markets, which the filing states may have a material adverse effect on trading price and volume and make it materially more difficult for shareholders to buy or sell shares.
Share
Derived from 8-K filed 2026-06-23. Not investment advice. View the source filing on SEC.gov →