The offering, managed by ThinkEquity as the sole book-running manager, marks a transition for the company as it seeks to elevate its presence on the U.S. exchange. Until the offering is priced, Devonian’s common shares will remain quoted on the OTCQB Venture Market. Once the NYSE American listing is finalized, trading on the OTCQB will cease.

Devonian also plans to align its Canadian ticker symbol with its new U.S. branding. The firm intends to request a change from its current TSXV symbol, GSD, to DHGR. While registration statements have been filed with the SEC, the offering remains subject to the declaration of effectiveness and standard regulatory approval processes. The company explicitly noted that no securities will be sold to investors residing in Québec or elsewhere in Canada as part of this specific offering.