DevvStream Regains Compliance with Nasdaq Listing Requirements

Rhea-AI Summary

DevvStream (NASDAQ: DEVS), a carbon management company, has successfully regained compliance with Nasdaq's listing requirements. The company received confirmation from Nasdaq on August 22, 2025, after its common shares maintained a closing bid price above $1.00 for more than ten consecutive trading days.

This development resolves a previous compliance issue where DevvStream had failed to meet Nasdaq's minimum bid price requirement of $1.00 per share for 30 consecutive trading days. The company will continue to trade on The Nasdaq Capital Market.

Positive

• Successfully regained Nasdaq listing compliance, maintaining share price above $1.00
• Continues trading on Nasdaq Capital Market without interruption

Negative

• Previously failed to meet minimum bid price requirement for 30 consecutive days

Calgary, Alberta--(Newsfile Corp. - August 27, 2025) - DevvStream Corp. (NASDAQ: DEVS) (the "Company"), a leading carbon management firm specializing in the development, investment, and sale of environmental assets, today announced that on August 22, 2025, it received a notice from The Nasdaq Stock Market, LLC (the "Nasdaq") notifying the Company that it has regained compliance with Nasdaq Listing Rule 5550(a)(2) and that its common shares, with no par value (the "Common Shares"), continue to be listed and traded on The Nasdaq Capital Market.

As previously disclosed, the Company received a staff determination from Nasdaq stating that the bid price of its Common Shares had closed below the $1.00 minimum required by Nasdaq Listing Rule 5550(a)(2) for the prior 30 consecutive trading days (the "Minimum Bid Price Requirement").

As of August 21, 2025, the Common Shares had closed above $1.00 per share for more than ten consecutive trading days. As a result, on August 22, 2025, the Company received a letter from the Nasdaq Office of General Counsel advising that the Company had regained compliance with the Minimum Bid Price Requirement, and that the Company was therefore in compliance with Nasdaq's listing requirements.

About DevvStream

Founded in 2021, DevvStream is a leading carbon management firm specializing in the development, investment, and sale of environmental assets, energy transition, and innovative carbon management solutions. The Company's mission is to create alignment between sustainability and profitability, helping organizations achieve their climate initiatives while directly improving their financial health.

With a diverse approach to energy transition and carbon markets, DevvStream operates across three strategic domains: (1) an offset portfolio consisting of nature-based, tech-based, and carbon sequestration credits for immediate sale to corporations and governments seeking to offset their most difficult-to-reduce emissions; (2) project investment, acquisitions, and industry consolidation to extend the company's reach, allowing it to become a full end-to-end solutions provider; and (3) project development, where the company serves as project manager for eligible activities such as EV charging or renewable energy generation in exchange for a percentage of generated credits or I-RECs.

For more information, please visit www.devvstream.com.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this news release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and generally relate to future events, trends or DevvStream's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements include statements regarding DevvStream's intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, DevvStream's ability to continue as a going concern and to realize the benefits of its recently completed business combination, DevvStream's ability to remain listed on Nasdaq, the volatility of the market price and the liquidity of DevvStream's common shares, the impact from future regulatory, judicial, legislative or regulatory changes in DevvStream's industry, the trends in the carbon credit markets, future performance and anticipated financial impacts of certain transactions by DevvStream or others, the growth and value of the global carbon credit or I-REC market traded value, the potential of carbon credits to provide carbon emission reductions and reduce carbon emissions to limit global warming, estimated CO2 capture, sequestration, decarbonization or storage capacities or potentials of different projects in which DevvStream is investing, DevvStream's opportunity pipeline and the ability of such opportunities to generate I-RECs, carbon credits, tax credits, or shared savings revenue each year, and the market growth and value of these markets, all of which are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by DevvStream and its management are inherently uncertain and subject to material change. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties.

These forward-looking statements are expressed in good faith, and DevvStream believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and DevvStream is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in filings made by, or to be made by, DevvStream from time to time with the SEC and with the Canadian securities regulatory authorities. All subsequent written and oral forward-looking statements concerning DevvStream or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.

This news release is not an offer to sell or the solicitation of an offer to buy, any securities of DevvStream and this news release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in DevvStream.

Contact
ir@devvstream.com
Phone: (408) 365-4348

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264064

FAQ

What did DevvStream (DEVS) announce about its Nasdaq listing status?

DevvStream announced it has regained compliance with Nasdaq's listing requirements on August 22, 2025, after maintaining its share price above $1.00 for more than ten consecutive trading days.

What was the minimum share price requirement DevvStream needed to meet for Nasdaq compliance?

DevvStream needed to maintain a minimum bid price of $1.00 per share for at least ten consecutive trading days to regain Nasdaq compliance.

When did DevvStream receive the initial Nasdaq non-compliance notice?

DevvStream had previously received a notice from Nasdaq stating that its shares had traded below $1.00 for 30 consecutive trading days, violating the minimum bid price requirement.

Will DevvStream continue trading on Nasdaq after regaining compliance?

Yes, DevvStream will continue trading on The Nasdaq Capital Market as it has successfully regained compliance with all listing requirements.