DealsJul 7, 2026, 04:07 PM
DevvStream Enters $6M Securities Purchase Agreement with EEME
AI Summary
DevvStream Corp. entered into a definitive Securities Purchase Agreement (SPA) with EEME Energy SPV I, LLC and Southern Energy Renewables, Inc., superseding a prior term sheet. The agreement outlines an aggregate $6 million investment from EEME. EEME will advance $5 million to DevvStream, which will then advance it to Southern Energy Renewables to support a business combination. Additionally, EEME will purchase $1 million of DevvStream's common shares at $0.28683 per share, with the balance due by September 30, 2026.
Key Highlights
- DevvStream signed definitive Securities Purchase Agreement (SPA) with EEME and Southern Energy Renewables.
- EEME to invest $6,000,000 in DevvStream Corp.
- $5,000,000 advance from EEME for DevvStream's investment in Southern Energy Renewables.
- EEME to purchase $1,000,000 of DevvStream common shares.
- Common shares priced at $0.28683 per share, totaling 3,486,386 shares.
- $1,500,000 already advanced by EEME, with $1,499,800 forwarded to Southern.
- Remaining $4,500,000 to be funded by September 30, 2026.
- If business combination terminates, 50,000 Series A Non-Voting Preferred Shares issued to EEME.
Price Impact
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