Loan & DebtJun 8, 2026, 10:06 AM
DevvStream Settles $10M Note Dispute, Remaining Debt $1M; Helena Consents to Merger
AI Summary
DevvStream Corp. has entered into a Settlement Agreement and Mutual Release with Helena Global Investment Opportunities 1 Ltd., resolving disputes related to a $10,000,000 senior secured Convertible Promissory Note. The agreement includes honoring $295,000 in conversion notices and crediting $2,600,000 for digital asset collateral, reducing the remaining outstanding debt to $1,000,000. Additionally, Helena has irrevocably consented to DevvStream's proposed business combination with XCF Global, Inc. and Southern Energy Renewables, Inc.
Key Highlights
- DevvStream Corp. entered into a Settlement Agreement and Mutual Release with Helena Global Investment Opportunities 1 Ltd.
- Resolved disputes regarding a $10,000,000 senior secured Convertible Promissory Note.
- Honored outstanding conversion notices totaling $295,000 in principal.
- Credited digital asset collateral at an Agreed Collateral Value of $2,600,000.
- Remaining outstanding debt under the Note reduced to $1,000,000.
- Helena agreed to a leak-out restriction, limiting share sales to 10% of average daily trading volume.
- Helena irrevocably consented to the proposed business combination with XCF Global and Southern Energy Renewables.
Price Impact
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