---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-001753"
form_type: "8-K"
ticker: null
cik: "0001627606"
company_name: "DAVIDsTEA Inc."
filed_at: "2023-03-27T23:59:59+00:00"
generated_at: "2026-06-17T15:01:38.806867+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# DAVIDsTEA to voluntarily delist from Nasdaq, list on TSX Venture Exchange starting April 3

## Summary
- Company to delist from Nasdaq effective close of markets on April 14, 2023 due to non-compliance with $1.00 bid price rule.
- Common shares to commence trading on TSX Venture Exchange on April 3, 2023 under same symbol 'DTEA' in Canadian dollars.
- Intends to file Form 15 with SEC around April 17 to suspend reporting obligations and deregister securities.
- Decision driven by inability to regain compliance and desire to reduce administrative costs and regulatory burden.
- Strategy and operations unchanged; all retail stores and majority of revenues are in Canada.

## SEC filing metadata
- accession: 0001477932-23-001753
- form_type: 8-K
- cik: 0001627606
- company_name: DAVIDsTEA Inc.
- filed_at: 2023-03-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1627606/000147793223001753/0001477932-23-001753-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1627606/000147793223001753/dtea_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-001753
- JSON: https://secwatch.observer/filing/0001477932-23-001753.json
- Plain text: https://secwatch.observer/filing/0001477932-23-001753.txt

## Key facts
- Listing & Compliance Notices
  DAVIDsTEA Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: late filing
  - Rules: 5550(a)(2)
  source text: April 26, 2023, to regain compliance with the Bid Price Rule. Since receipt of the Letter, the Company’s management has reviewed its options in order to regain compliance with Nasdaq’s listing rules. However, management believes that it will not be able to regain compliance by the required deadline as set forth in the Letter. As a result, after careful consideration, the Board has determined it is in the overall best interests of the Company to delist its common shares from Nasdaq. The decision was made based on several factors, including the Board’s assessment of the probability of the Compa
  evidence_url: https://www.sec.gov/Archives/edgar/data/1627606/000147793223001753/0001477932-23-001753-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.