DevvStream Corp. Receives Nasdaq Delisting Warning Due to Low Stock Bid Price

DevvStream Corp. received a notification from Nasdaq indicating non-compliance with the minimum bid price rule. The company's common shares have closed below $1.00 for 30 consecutive business days. As DevvStream Corp. recently underwent a reverse stock split, it is ineligible for a compliance period. The company intends to request a hearing with the Nasdaq Hearings Panel to appeal for continued listing. A timely request will stay any suspension or delisting action pending the Panel's decision. However, there is no guarantee of a successful appeal or of maintaining the Nasdaq listing.