Recent Updates — DEVSF

XCF Global, Inc. completed its acquisition of DevvStream Legacy Corp. (formerly DevvStream Corp.) and Southern Energy Renewables Inc. on October 16, 2026, pursuant to a Business Combination Agreement dated April 13, 2026. Former DevvStream shareholders received approximately 62.3 million XCF Global Common Shares, representing roughly 14.99% of the pre-combination outstanding shares and about 10.43% post-combination. Southern Energy shareholders received approximately 119.4 million shares, equal to 28.75% of the pre-combination total and 20% post-combination. Following the transaction, XCF had approximately 596 million shares outstanding. DevvStream Legacy became a wholly owned subsidiary of XCF, its common shares ceased trading on the OTC market, and new directors Christopher Cooper and Wray Thorn were appointed to lead the entity.

DevvStream Corp. postponed its special meeting of shareholders, originally scheduled for September 10, 2026, to September 17, 2026, to allow additional time for preparations regarding the proposed business combination with XCF Global Inc. and Southern Energy Renewables Inc. The record date for voting remains July 29, 2026, and previously submitted proxies remain valid unless revoked. DevvStream Corp. is a carbon management company focused on the development, investment, and sale of environmental assets worldwide.

On July 7, 2026, DevvStream Corp. and Karbon-X Corp. entered into a Mutual Termination Agreement to cancel a Carbon Credit Forward Purchase Agreement originally dated October 28, 2024. Under the original agreement, Karbon-X was to deliver C-Sink carbon credits to DevvStream for a total price of $2,892,000 at $120.00 per unit, with payment consisting of 444,923 common shares valued at $6.50 per share. As of the termination date, neither party had performed any obligations, and the mutual cancellation involves no penalties or further liabilities. DevvStream Corp. is a company involved in the carbon credit and greenhouse gas offset industry.