DevvStream (NASDAQ: DEVS) wins more time to fix Nasdaq listing compliance

Rhea-AI Filing Summary

DevvStream Corp. has been granted more time by Nasdaq to fix its listing deficiency. Nasdaq’s Listing Qualifications Staff approved the company’s plan and extended the deadline to May 18, 2026 to regain compliance with Listing Rule 5550(b), which requires certain minimum equity, market value, or net income levels.

The company’s common shares will continue trading on the Nasdaq Capital Market under the symbol DEVS for now, and the extension and current non-compliance do not immediately affect trading. However, there is no assurance the company will successfully regain or maintain compliance with Nasdaq’s continued listing standards.

Positive

• None.

Negative

• Ongoing Nasdaq non-compliance with Listing Rule 5550(b) — DevvStream remains out of compliance with Nasdaq’s continued listing standards and has only an extension until May 18, 2026 to remedy the deficiency, leaving a continued risk of eventual delisting if it cannot meet required financial thresholds.

Insights

Equity markets and listing standards analyst

Nasdaq grants DevvStream more time, but delisting risk persists.

DevvStream Corp. received a Nasdaq extension until May 18, 2026 to regain compliance with Listing Rule 5550(b). That rule requires minimum thresholds for stockholders’ equity, market value of listed securities, or net income from continuing operations.

The company explicitly notes there is no assurance it will regain or maintain compliance. This keeps a potential delisting overhang in place, even though DEVS continues trading on the Nasdaq Capital Market for now.

Investor impact will hinge on whether DevvStream can meet at least one of the specified financial benchmarks by May 18, 2026. Subsequent company filings and disclosures will clarify progress toward satisfying Nasdaq’s continued listing standards.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 23, 2026

DEVVSTREAM CORP.

(Exact name of registrant as specified in its charter)

Alberta, Canada	001-40977	86-2433757
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

2108 N St., Suite 4254 Sacramento, California (Address of principal executive offices) 95816
(Zip Code)

(647) 689-6041

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common shares	DEVS	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On February 23, 2026, DevvStream Corp. (the “Company”) received a letter (the “Extension Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that based on the compliance plan and materials the Company submitted to Nasdaq, the Nasdaq Staff had granted the Company an extension until May 18, 2026 to regain compliance with Listing Rule 5550(b) (the “Rule”), which requires a minimum $2,500,000 stockholders’ equity, $35,000,000  market value of listed securities, or $500,000 net income from continuing operations.

There can be no assurance that the Company will be able to regain or maintain compliance with the Continued Listing Standards. Neither the Extension Letter nor the Company’s non-compliance have an immediate effect on the listing or trading of the Company’s common stock, which will continue to trade on The Nasdaq Capital Market under the symbol “DEVS.”

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No.		Description
104		Cover page Interactive Data File (embedded in the cover page formatted in Inline XBRL)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:  February 25, 2026
	DEVVSTREAM CORP.
	By:	/s/ Sunny Trinh
	Name:	Sunn Trinh
	Title:	Chief Executive Officer

FAQ

What did Nasdaq decide about DevvStream Corp. (DEVS) continued listing?

Nasdaq granted DevvStream an extension until May 18, 2026 to regain compliance with Listing Rule 5550(b). This rule sets minimum thresholds for stockholders’ equity, market value of listed securities, or net income from continuing operations before listing status is at risk.

Why is DevvStream Corp. (DEVS) out of compliance with Nasdaq rules?

DevvStream is non-compliant with Nasdaq Listing Rule 5550(b), which requires minimum levels of stockholders’ equity, market value of listed securities, or net income from continuing operations. The company submitted a compliance plan, leading Nasdaq to grant more time to correct this deficiency.

How long does DevvStream Corp. (DEVS) have to regain Nasdaq compliance?

DevvStream has until May 18, 2026 to regain compliance with Nasdaq Listing Rule 5550(b). This extension follows Nasdaq’s review of the company’s submitted compliance plan and related materials outlining how it intends to meet the required financial thresholds.

Does DevvStream Corp. (DEVS) risk being delisted from Nasdaq?

Yes, there is a continuing delisting risk because DevvStream remains non-compliant with Listing Rule 5550(b). The company notes there is no assurance it will regain or maintain compliance, even though its shares continue trading on the Nasdaq Capital Market during the extension period.

Is DevvStream Corp. (DEVS) stock still trading on Nasdaq during the extension?

Yes, DevvStream’s common shares continue to trade on the Nasdaq Capital Market under the symbol DEVS. The extension letter and current non-compliance do not immediately affect the listing or trading status while the company works to meet Nasdaq’s continued listing standards.

What financial standards must DevvStream Corp. (DEVS) meet under Nasdaq Rule 5550(b)?

Nasdaq Listing Rule 5550(b) requires DevvStream to meet at least one of three thresholds: minimum $2,500,000 stockholders’ equity, $35,000,000 market value of listed securities, or $500,000 net income from continuing operations, to regain compliance and protect its listing.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 22.2 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 16.2 KB