MergerApr 14, 2026, 12:49 PM
DevvStream Corp. Enters Definitive Merger Agreement
AI Summary
DevvStream Corp. has signed a definitive Business Combination Agreement with XCF Global, Inc. and Southern Energy Renewables Inc. on April 13, 2026. This agreement follows a previously disclosed transaction term sheet from January 26, 2026. The complex transaction structure includes DevvStream migrating to a Delaware corporation, followed by two separate mergers involving newly-formed subsidiaries of XCF. The completion of these transactions is contingent upon customary closing conditions.
Key Highlights
- DevvStream Corp. entered into a definitive Business Combination Agreement on April 13, 2026.
- The agreement is with XCF Global, Inc. and Southern Energy Renewables Inc.
- The transaction involves DevvStream domesticating as a Delaware corporation.
- Two mergers will occur: Southern Merger Sub into Southern, and DevvStream Merger Sub into DevvStream.
- The transactions are subject to customary closing conditions.