DevvStream risks Nasdaq delisting after failing net income listing requirement

• DevvStream faces a Nasdaq delisting risk following a hearings panel process tied to continued listing deficiencies.
• Nasdaq granted an extension to May 18, 2026 to regain compliance with the $500,000 minimum net income standard under Listing Rule 5550(b), then issued a notice on May 20, 2026 that compliance was not restored.
• A separate Nasdaq notice dated April 7, 2026 cited a minimum bid price breach under Listing Rule 5450(a)(1) because the stock closed below $1 for 30 straight business days from Feb. 23, 2026 through April 6, 2026.
• The company was deemed ineligible for the usual bid-price cure period because it completed a reverse stock split within the prior year, prompting a hearing request; the panel is now set to weigh both the net income and bid-price issues.
• DevvStream plans to submit a written response on the net income deficiency by May 27, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DevvStream Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-022598), on May 22, 2026, and is solely responsible for the information contained therein.