DealsSep 24, 2026, 04:20 PM
DevvStream Corp. Amends Share Purchase Deal, Terminates Funding Obligations
AI Summary
DevvStream Corp. has entered into a First Amendment to a Securities Purchase Agreement with EEME Energy SPV I LLC and Southern Energy Renewables, Inc. Under the amendment, EEME will retain 561,308 common shares for the $161,000 already paid, and the remaining 2,925,078 shares will be cancelled. EEME will pay an additional $200,000 by September 29, 2026, in exchange for which DevvStream will issue 1,120,448 common shares at a reduced price. Furthermore, all remaining funding obligations under the original agreement have been terminated.
Key Highlights
- DevvStream Corp. amends securities purchase agreement with EEME Energy SPV I LLC and Southern Energy Renewables, Inc.
- EEME Energy SPV I LLC to retain 561,308 common shares for $161,000 previously paid.
- Remaining 2,925,078 common shares originally issued to EEME will be cancelled.
- EEME to pay an additional $200,000 by September 29, 2026.
- Upon receipt of $200,000, DevvStream will issue 1,120,448 common shares to EEME at $0.1785 per share.
- All further funding obligations under the original agreement, including the $5,000,000 advance, are terminated.
Price Impact
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