DevvStream suspended from Nasdaq, appeals while business combination with XCF Global and Southern Energy remains on track

Corporate Action

โดย Business Wire·Read original

Summary · why it matters

DevvStream has been suspended from Nasdaq after a hearings panel determined the company failed to meet the minimum bid price and net income listing requirements. Trading was halted on June 24, 2026, and the shares now trade on the Pink Limited Market under the ticker DEVSF. DevvStream intends to appeal the decision, arguing it does not reflect the strategic value of its pending three-party business combination with Nasdaq-listed XCF Global and privately held Southern Energy Renewables. The company confirmed that the transaction is advancing as planned and, upon closing, the combined entity is expected to list on Nasdaq under XCF's ticker SAFX, with DevvStream shareholders receiving approximately 10% of the combined company.

DevvStream Corp. Common Stock ▼

XCF Global, Inc. Class A Common Stock ±

Impact on stocks 2

Electrification & Mobility▼ · 1 stocks

DevvStream Corp. Common Stock

▼ NegativeRegulationrelevance

DevvStream was suspended from Nasdaq for failing to meet listing requirements, and now trades on the Pink Limited Market.

Synthetic Biology (non-pharma)▲ · 1 stocks

XCF Global, Inc. Class A Common Stock

± Mixedrelevance

XCF Global is mentioned as the Nasdaq-listed partner in the pending business combination, but the article does not discuss any impact on XCF itself.

Off-coverage companies 1

Southern Energy Renewables, Inc.Private± Mixed

relevance