DevvStream Corp. Faces Delisting Concerns
Ticker: DEVS · Form: 8-K · Filed: Nov 24, 2025 · CIK: 1854480
Sentiment: bearish
Topics: delisting, listing-standards, corporate-action
TL;DR
DevvStream Corp. might get delisted, former SPAC.
AI Summary
DevvStream Corp. filed an 8-K on November 24, 2025, reporting an event on November 18, 2025. The filing indicates a notice of delisting or failure to satisfy continued listing rules, or a transfer of listing. DevvStream Corp. was formerly known as Focus Impact Acquisition Corp. until March 31, 2021.
Why It Matters
This filing suggests DevvStream Corp. may be at risk of being delisted from its stock exchange, which could significantly impact its stock price and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's continued trading on an exchange.
Key Players & Entities
- DevvStream Corp. (company) — Registrant
- November 18, 2025 (date) — Earliest event date
- November 24, 2025 (date) — Filing date
- Focus Impact Acquisition Corp. (company) — Former company name
- March 31, 2021 (date) — Date of name change
FAQ
What specific listing rule or standard has DevvStream Corp. failed to satisfy, or what is the reason for the potential transfer of listing?
The filing does not specify the exact rule or standard that was not met, nor the reason for a potential transfer of listing, only that it is a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing'.
What is the current exchange on which DevvStream Corp. is listed?
The filing does not explicitly state the current stock exchange where DevvStream Corp. is listed.
What are the implications for shareholders if DevvStream Corp. is delisted?
Delisting typically leads to reduced liquidity and can negatively impact the stock price, making it harder for shareholders to buy or sell shares.
Has DevvStream Corp. taken any steps to address the listing deficiency?
The provided excerpt of the 8-K does not contain information about any steps DevvStream Corp. may have taken to address the listing deficiency.
When was DevvStream Corp. formerly known as Focus Impact Acquisition Corp.?
DevvStream Corp. was formerly known as Focus Impact Acquisition Corp. until March 31, 2021.
Filing Stats: 704 words · 3 min read · ~2 pages · Grade level 13.4 · Accepted 2025-11-24 16:05:47
Filing Documents
- ef20059942_8k.htm (8-K) — 29KB
- 0001140361-25-043133.txt ( ) — 158KB
- devs-20251118.xsd (EX-101.SCH) — 4KB
- devs-20251118_lab.xml (EX-101.LAB) — 22KB
- devs-20251118_pre.xml (EX-101.PRE) — 16KB
- ef20059942_8k_htm.xml (XML) — 4KB
01
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On November 18, 2025, DevvStream Corp. (the " Company ") received a notification letter (the " Notice ") from the Listing Qualifications Department of The Nasdaq Stock Market LLC (" Nasdaq ") notifying the Company that its net income from continuing operations had fallen below the minimum requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(3) (the " Minimum Net Income Requirement ") and that the Company does not meet the alternatives of market value of listed securities or stockholders' equity (collectively with the Minimum Net Income Requirement, the " Continued Listing Standards "). In accordance with Nasdaq Listing Rule 5810(c)(2)(C), the Company has until January 2, 2026, which is 45 calendar days from the date the Notice was received, to provide Nasdaq with a plan to regain compliance with the Continued Listing Standards (the " Compliance Plan "). If Nasdaq accepts the Compliance Plan, Nasdaq may grant an extension of up to 180 calendar days from the date of the Notice for the Company to evidence compliance. If Nasdaq does not accept the Compliance Plan, then the Nasdaq staff will provide written notification to the Company that its common stock will be subject to delisting. The Company may appeal Nasdaq's rejection of the Compliance Plan and any such determination to delist its securities, but there can be no assurance that any such appeal would be successful. The Company intends to submit the Compliance Plan to Nasdaq within the required time period. There can be no assurance that Nasdaq will accept the Compliance Plan, that the Company will be successful in achieving its Compliance Plan, or that the Company will be able to regain or maintain compliance with the Continued Listing Standards. Neither the Notice nor the Company's non-compliance have an immediate effect on the listing or trading of the Co
Financial Statements and Exhibits
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: November 24, 2025 DEVVSTREAM CORP. By: /s/ David Goertz Name: David Goertz Title: Chief Financial Officer