Traders should expect a sharp decline at the open on June 24 as the suspension takes effect and the stock transitions to OTC markets with minimal liquidity. The appeal to the Listing Council does not halt the suspension, so any recovery hopes depend on a successful appeal and ability to regain compliance — both highly uncertain for an $8M market cap company that failed both the bid price and net income standards.
Price Chart
Executive Summary
DevvStream Corp. (DEVS) received a final delisting determination from Nasdaq due to non-compliance with the $1.00 bid price rule (5550(a)(2)) and failure to demonstrate compliance with the net income rule (5550(b)). Trading on Nasdaq will be suspended at the open on June 24, 2026, and the company expects its shares to move to the Pink Limited Market, with a plan to apply for quotation on the OTCQB Market. The delisting to OTC markets severely reduces institutional liquidity and likely depresses the stock price, though an appeal to the Nasdaq Listing Council has been requested (which does not stay the suspension).
Key Facts
- Nasdaq Hearings Panel determined to suspend DEVS from listing effective June 24, 2026
- Non-compliance with both Minimum Bid Price Rule (5550(a)(2)) and Net Income Rule (5550(b))
- Company will appeal to Nasdaq Listing Council but appeal does not stay suspension
- Shares expected to move to Pink Limited Market under symbol DEVS; company will seek OTCQB listing
- Market cap is only $8M — delisting risk is existential for this micro-cap
Financial Impact
Delisting from Nasdaq to OTC markets will severely reduce institutional ownership, liquidity, and valuation. No financial figures provided in filing.
Risk Factors
- Immediate liquidity collapse as shares move to Pink Limited Market
- Appeal to Nasdaq Listing Council may be unsuccessful, making delisting permanent
- No assurance that an OTCQB market will develop, further limiting tradability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-026092 |
| Document: 0001140361-26-026092-index-headers.html | 0001140361-26-026092 |
| Document: 0001140361-26-026092-index.html | 0001140361-26-026092 |
| Document: 0001140361-26-026092.txt | 0001140361-26-026092 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | SC 13G/A | — | awaiting T+5 | — | — |
Jun 23, 2026 18w ago | 8-K | $0.1479 | awaiting T+5 | — | — |
Jun 8, 2026 20w ago | 425 | $0.4341 $0.2660 | ▼ −38.72% | ▼ −40.84% | — |
Jun 8, 2026 20w ago | 8-K | $0.4341 $0.2660 | ▲ +38.72% | ▲ +40.84% | — |
Jun 4, 2026 20w ago | 425 | $0.5801 $0.2600 | ▼ −55.18% | ▼ −55.75% | — |
Jun 3, 2026 20w ago | 8-K | $0.4570 $0.2770 | ▲ +39.39% | ▲ +36.83% | — |
Jun 3, 2026 20w ago | 8-K | $0.6650 $0.2950 | ▼ −55.64% | ▼ −51.82% | — |
May 18, 2026 23w ago | 425 | $0.1550 $0.1160 | ▼ −25.16% | ▼ −27.46% | — |
Apr 14, 2026 28w ago | 425 | $0.7700 $0.5440 | ▼ −29.35% | ▼ −30.74% | — |
Apr 14, 2026 28w ago | 8-K | $0.7700 $0.5440 | ▼ −29.35% | ▼ −30.74% | — |
US Market Status
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