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.
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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.
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