Fairness opinions trigger termination; DevvStream (DEVS) keeps BCA pending closing conditions

DevvStream’s Form 8-K says it received fairness opinions for the proposed three-party combination with XCF Global and Southern Energy Renewables. It also states the prior DevvStream–Southern merger agreement automatically terminated after required fairness opinions were received, as a contractual step under the April 13, 2026 Business Combination Agreement. The parties say the BCA remains in force and they expect to file an S-4 with the SEC in coming weeks.

DevvStream (DEVS), XCF Global (SAFX) and Southern Energy Renewables said the three-party business combination agreement remains in effect after media mischaracterized an SEC Form 8-K. They said fairness opinions were received and the prior merger agreement automatically terminated under the BCA. The parties expect to file an S-4 in coming weeks to seek shareholder approvals.

Taylor Farms recalled more than a dozen prepared foods with jalapeños, including salsas and guacamole, due to potential Salmonella contamination, Reuters reported. The company linked the issue to a Coast Citrus Distributors recall and said it is no longer sourcing peppers from a Sinaloa, Mexico farmer while seeking alternatives. U.S. authorities are investigating a jalapeño-linked outbreak affecting 345 people in 27 states.

A Defense Department memo obtained by The Washington Post says Deputy Defense Secretary Steve Feinberg is urging U.S. defense firms to submit within 21 days plans to accelerate weapons production and delivery, citing depleted munitions from the Iran war. It cites heavy missile and interceptor use and declining Patriot and THAAD inventories. Companies named include Lockheed Martin, Northrop Grumman, Boeing, Anduril, and Palantir, with funding tied to a stalled $1.15T defense bill.

Pentagon deputy secretary Steve Feinberg asked major U.S. defense firms to accelerate production and deliveries of weapons and sensors, citing concerns about shortages and gaps tied to the Iran conflict. In an Aug. 5 letter seen by Bloomberg, he targeted programs including wide-area surveillance, air-defense sensors and interceptors, and missile-tracking systems, asking for plans by late August.

Bitdeer Technologies Group (BTDR) said its Tydal Data Center subsidiary in Norway signed a 16-year colocation lease and services deal with Volta Tydal AS for 121 MW and about $4.70 billion in contracted revenue, with an 8-year renewal option that could raise total value to about $8.0 billion. The campus is renewable-powered, set for NVIDIA GPU clusters, and includes $1.30 billion in credit support.