Recent Updates — DEVS
DevvStream Corp. entered into a First Amendment to its Securities Purchase Agreement with EEME Energy SPV I LLC and Southern Energy Renewables, Inc., terminating all further funding obligations under the original June 30 agreement. Under the amendment, EEME retains 561,308 shares for $161,000 previously funded, while 2,925,078 shares are cancelled. EEME must pay an additional $200,000 by September 29, 2026, in exchange for the issuance of 1,120,448 common shares at $0.1785 per share. This transaction modifies prior equity issuances and advances related to Southern Energy Renewables. DevvStream Corp. operates in the energy technology sector, focusing on renewable energy solutions.
DevvStream Corp. filed a current report announcing Amendment No. 1 to its Business Combination Agreement with XCF Global, Inc. and Southern Energy Renewables Inc., dated September 14, 2026. The amendment adjusts pro forma ownership percentages: former DevvStream shareholders will hold approximately 10.43% of the combined entity (increased from 10.0%), while former Southern Energy shareholders will hold approximately 20% (reduced from 23.3%). XCF Global existing stockholders will retain approximately 69.57%. The amendment deletes several closing conditions, including minimum capitalization, investment bank engagement, revenue run-rate thresholds of $1 billion gross and $100 million EBITDA, Nasdaq Sweden listing approval, and HSR Act clearance. It also introduces a $1,000,000 investment by GL PART SPV I LLC through XCF Global’s warrant program at an exercise price of $2.50 per share. Post-closing funding commitments require EEME and GL to contribute not less than $4,373,000 within three months and up to $50,000,000 within twelve months. The DevvStream Special Meeting was postponed from September 10 to September 17, 2026, with a record date of July 29, 2026. DevvStream Corp. operates in the energy and renewable technology sector.
DevvStream Corp. entered into a definitive Securities Purchase Agreement with EEME Energy SPV I, LLC and Southern Energy Renewables, Inc. to facilitate a $6,000,000 investment. EEME will advance $5,000,000 to fund the Company's investment in Southern Energy Renewables, Inc., while $1,000,000 will be used for general working capital. EEME will purchase 3,486,386 common shares at $0.28683 per share. DevvStream Corp. operates in the renewable fuels and energy sector.
On June 22, 2026, DevvStream Corp. received notice from the Nasdaq Hearings Panel that its securities will be suspended from Nasdaq effective June 24, 2026. The delisting determination is based on noncompliance with the $1.00 minimum bid price requirement and the Net Income Rule. The company intends to appeal the decision to the Listing Council, though this will not stay the suspension. DevvStream expects its common shares to be eligible for quotation on the Pink Limited Market and plans to apply for the OTCQB Market. The company operates in the technology sector, providing digital content and streaming services.
DevvStream Corp. entered into a Settlement Agreement and Mutual Release with Helena Global Investment Opportunities 1 Ltd. to resolve disputes regarding a $10,000,000 senior secured Convertible Promissory Note. The agreement includes a $295,000 conversion of principal, a $2,600,000 credit for digital asset collateral, and leaves a remaining outstanding debt of $1,000,000.