$DEVS

DevvStream Corp. (NASDAQ:DEVS) shares fell after the company said Nasdaq will suspend trading due to continued listing rule violations. According to a Form 8-K, Nasdaq Hearings Panel decided to suspend shares based on failure to meet the $1 minimum bid and the net income rule. DEVS closed at $0.15 and fell to $0.048 after hours; trading is set to stop June 24.

DevvStream Corp. (DEVS) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. false 0001854480 0001854480 2026-06-08 2026-06-08 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June

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.

DevvStream Corp. has terminated its prior merger agreement from December 3, 2025, after the expiration of fairness opinion termination rights. However, the Business Combination Agreement (BCA) dated April 13, 2026, remains in effect, subject to customary closing conditions. The company reiterates forward-looking targets including $1.0 billion in annualized blended fuel revenues and $100 million minimum annualized EBITDA.

DevvStream announced the termination of its prior Agreement and Plan of Merger with Southern Energy Renewables. This termination occurred automatically after both parties received fairness opinions, as outlined in a subsequent Business Combination Agreement. The parties have agreed that the termination is effective without liability or ongoing obligations, while transactions under the newer BCA with XCF Global and Southern are still pending customary closing conditions.

DevvStream Corp. announced the termination of its prior merger agreement with Southern Energy Renewables, which occurred automatically without ongoing liabilities for either party. The company is now focusing on a broader business combination with XCF Global and Southern under an existing Business Combination Agreement. This new plan targets significant milestones including over $1 billion in annualized fuel product revenues and $100 million in EBITDA, aiming for a $3 billion combined enterprise, though subject to substantial closing conditions and risks.

DevvStream Corp. highlighted Southern Energy Renewables Inc.’s Letter of Intent with Hapag-Lloyd AG for green methanol offtake and DevvStream’s new MOU with Southern to advise on environmental attributes. This expanded role supports Southern’s green methanol platform and strengthens the viability of renewable fuels for decarbonization. The proposed business combination of XCF Global, Southern, and DevvStream aims to create a public platform for renewable fuels, infrastructure, and environmental asset monetization.

DevvStream Corp. highlighted Southern Energy Renewables Inc.'s Letter of Intent with Hapag-Lloyd AG for green methanol offtake and announced a new Memorandum of Understanding with Southern to advise on environmental attributes for Southern's green methanol projects. This move reinforces the viability of green methanol in decarbonizing maritime transportation and expands DevvStream's role in monetizing environmental assets. These developments support the proposed business combination of XCF Global, Southern Energy Renewables, and DevvStream, aiming to create a comprehensive platform for renewable fuels, infrastructure, and environmental asset monetization.

DevvStream announced a progress update on its business combination with Focus Impact Acquisition Corp., which is expected to result in DevvStream becoming the first publicly traded carbon streaming company on a major U.S. stock exchange. The merger is anticipated to close by October 31, 2024, leading to a Nasdaq listing under the ticker "DEVS." This move aims to accelerate DevvStream's growth in technology-based carbon markets, strengthen its financial position, and enhance access to capital.