DEVSHIGH SIGNALREGULATORY10-K

DEVS underwent a fundamental corporate restructuring, changing from a Delaware corporation with dual-class stock structure to a Canadian entity with a single class of common shares while reducing outstanding shares by nearly half.

This represents a complete corporate reorganization that likely involved a reverse merger, acquisition, or similar transformative transaction. The elimination of the dual-class structure and substantial reduction in share count suggests either a significant consolidation event or major ownership change that fundamentally alters the investment thesis.

Comparing 2025-11-06 vs 2024-04-08View on EDGAR →
FINANCIAL ANALYSIS

The company's financial performance deteriorated with net losses deepening by approximately 22% to $12.1 million. Combined with the dramatic corporate restructuring, this suggests DEVS may have undergone distressed reorganization or strategic repositioning. The widening losses amid such fundamental structural changes indicate the company remains in a challenging operational phase.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
-22.2%
-$9.9M-$12.1M

Net income declined 22.2% — review whether driven by operations, interest costs, or non-recurring items.

LANGUAGE CHANGES
NEW — 2025-11-06
PRIOR — 2024-04-08
ADDED
(Exact name of registrant as specified in its charter) Alberta, Canada 86-2433757 (State or other jurisdiction of incorporation or organization) (I.R.S.
See the definitions of large accelerated filer, accelerated filer, smaller reporting company, and emerging growth company in Rule 12b-2 of the Exchange Act.
As of November 3, 2025, there were 3,841,642 shares of the registrant s Common Shares outstanding.
MARKET FOR REGISTRANT S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 43 ITEM 6.
MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 45 ITEM 7A.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 62 ITEM 9A.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS 64 ITEM 13.
All statements included in this report and in any subsequent filings made by us with the Securities and Exchange Commission (the SEC ) other than statements of historical fact, that address activities, events or developments that we or our management expect, believe or anticipate will or may occur in the future are forward-looking statements.
We claim the protection of the safe harbor for forward-looking statements provided in the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the Securities Act ) and Section 21E of the Exchange Act.
Examples of forward-looking statements include: (i) projections of revenue, earnings, capital structure and other financial items, (ii) statements of our plans and objectives, (iii) statements of expected future economic performance, and (iv) assumptions underlying statements regarding us or our business.
REMOVED
(Exact name of registrant as specified in its charter) Delaware 001-40977 86-2433757 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S.
See definition of large accelerated filer, accelerated filer, smaller reporting company and emerging growth company in Rule 12b-2 of the Exchange Act.
As of April 5, 2024, 6,717,578 shares of Class A common stock, par value $0.0001, and 750,000 shares of Class B common stock, par value $0.0001, were issued and outstanding.
MARKET FOR REGISTRANT S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 73 ITEM 6.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 96 ITEM 13.
and Siebert Williams Shank Co., LLC; and we , us , our , company , FIAC , the Company or our Company are to Focus Impact Acquisition Corp.
These forward-looking statements can be identified by the use of forward-looking terminology, including the words believes, estimates, anticipates, expects, intends, plans, may, will, potential, projects, predicts, continue, or should, or, in each case, their negative or other variations or comparable terminology.
There can be no assurance that actual results will not materially differ from expectations.
Such statements include, but are not limited to, any statements relating to our ability to consummate our proposed business combination with DevvStream (as defined below) or other business combination and any other statements that are not statements of current or historical facts.
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →