MergerApr 14, 2026, 06:12 AM
DevvStream Corp. Enters Definitive Business Combination Agreement
AI Summary
DevvStream Corp. has entered into a definitive Business Combination Agreement with XCF Global, Inc. and Southern Energy Renewables Inc. on April 13, 2026. This agreement formalizes the proposed business combination previously disclosed in a term sheet from January 26, 2026. The transaction structure involves DevvStream migrating to a Delaware corporation, followed by Southern Merger Sub merging into Southern, subject to customary closing conditions.
Key Highlights
- DevvStream Corp. signed a definitive Business Combination Agreement on April 13, 2026.
- Agreement with XCF Global, Inc. and Southern Energy Renewables Inc.
- Follows a transaction term sheet dated January 26, 2026.
- DevvStream will domesticate as a Delaware corporation prior to mergers.
- Southern Merger Sub will merge with Southern as part of the transaction.