Executive leadership at DevvStream.
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Recent press releases and 8-K filings for DEVS.
DevvStream, Southern, and Frontline BioEnergy Announce Collaboration for Biomass-to-Jet Development
DEVS
New Projects/Investments
M&A
Product Launch
- DevvStream Corp. (Nasdaq: DEVS), Southern Energy Renewables, Inc., and Frontline BioEnergy have signed a term sheet to advance biomass-to-fuels and chemicals development in Louisiana, focusing on sustainable aviation fuel (SAF) and bio-methanol production.
- Southern Energy Renewables is expected to provide up to $2.05 million to fund the design, construction, and commissioning of new pilot-scale units for this initiative.
- DevvStream will serve as the exclusive carbon credit and environmental-asset manager for Southern's commercial projects, while Frontline will be the exclusive gasification provider for five years.
- This collaboration is also intended to support a potential three-party merger among DevvStream, Southern, and XCF Global, Inc. (Nasdaq: SAFX).
Jan 28, 2026, 1:30 PM
DevvStream Corp. Enters Binding Term Sheet for Three-Party Merger with XCF Global and Southern Energy Renewables
DEVS
M&A
New Projects/Investments
- On January 26, 2026, DevvStream Corp. entered into a binding term sheet for a proposed business combination with XCF Global, Inc. and Southern Energy Renewables, Inc..
- The transaction is expected to result in DevvStream and Southern becoming wholly-owned subsidiaries of XCF, with their respective stockholders receiving shares of XCF Class A common stock. The parties aim to build a combined enterprise that could achieve an enterprise value of approximately $3.0 billion.
- XCF Global agreed to invest $10 million to convert and build out its New Rise Reno facility for sustainable aviation fuel (SAF) blending, funded through the sale of XCF common stock to EEME Energy SPV I LLC. A closing condition for the transaction includes XCF achieving $1 billion in annualized gross revenues and $100 million in annualized EBITDA by June 30, 2026.
- Following the closing of the transaction, XCF's stockholders will represent approximately 66.67%, Southern's stockholders 23.33%, and DevvStream's stockholders 10% of the outstanding XCF Shares.
Jan 26, 2026, 1:42 PM
DevvStream and Fayafi Execute Investment Agreement for Joint Platform
DEVS
New Projects/Investments
Revenue Acceleration/Inflection
- DevvStream Corp. and Fayafi Investment Holding Limited have executed a binding Investment Agreement to establish a jointly governed special purpose vehicle (SPV) named the "Fayafi x DevvStream Investment Platform" within 90 days.
- The SPV aims to achieve US$100 million in capital commitment by the end of 2027 to pursue high-impact, scalable opportunities in decarbonization and energy transition.
- Profits from the SPV, including carbon credit revenues, are expected to be distributed 80% to Fayafi and 20% to DevvStream.
- DevvStream anticipates receiving a one-time setup fee and recurring consulting fees based on assets invested through the platform.
- This platform is intended to expand DevvStream's business, strengthen its pipeline of opportunities, and support recurring advisory and asset-management revenues.
Jan 14, 2026, 2:00 PM
DevvStream and Fayafi Execute Investment Agreement for Joint Platform
DEVS
New Projects/Investments
- DevvStream Corp. and Fayafi Investment Holding Limited have executed a binding term sheet to establish a jointly governed special purpose vehicle (SPV) named the "Fayafi x DevvStream Investment Platform".
- The SPV is targeted to scale to US$100 million in capital commitment by the end of 2027 for high-impact decarbonization and energy transition opportunities.
- Profits from the SPV, including carbon credit revenues, are expected to be distributed 80% to Fayafi and 20% to DevvStream.
- DevvStream is expected to receive a one-time setup fee and a recurring consulting fee based on a percentage of assets invested through the platform.
- The targeted US$100 million capital commitment is a non-binding target, not a guarantee of capital deployment by either party.
Jan 14, 2026, 1:30 PM
DevvStream Corp. and Southern Energy Renewables Announce Business Combination
DEVS
M&A
New Projects/Investments
- DevvStream Corp. (DEVS) and Southern Energy Renewables Inc. have entered into a definitive agreement to combine under a new U.S.-domiciled, Nasdaq-listed company.
- The new company will focus on the low-cost production of carbon-negative Sustainable Aviation Fuel (SAF) and green methanol, integrating carbon management with clean fuels.
- Southern made an initial $2.0 million PIPE investment in DevvStream by acquiring 128,370 shares at $15.58 per share.
- Southern also secured a $402 million bond allocation from the Louisiana Community Development Authority for its flagship biomass-to-fuel facility.
- Upon closing, Southern equity holders are expected to own approximately 70% of the combined company, with DevvStream shareholders owning approximately 30%. The transaction is expected to close in the first half of 2026.
Dec 3, 2025, 3:16 PM
DevvStream Corp. Reports Fiscal Year 2025 Results and Advances Digital-Asset Strategy
DEVS
Earnings
New Projects/Investments
Debt Issuance
- DevvStream Corp. reported a net loss of $11.8 million for the fiscal year ended July 31, 2025, and held $9.73 million in cash and restricted cash as of that date.
- The company completed its Nasdaq listing and secured an initial $10 million tranche under a $300 million convertible-note facility to launch its digital-asset treasury.
- A disciplined digital-asset treasury was launched, anchored in Bitcoin ($BTC) and Solana ($SOL), with approximately 12,185 SOL staked earning an annualized yield of 6.29%.
- DevvStream anticipates revenue growth in fiscal 2026 from carbon-credit monetization, I-REC brokerage, and Solana staking yield, with acquisitions expected to be a key driver for expanding scale.
Nov 6, 2025, 4:49 PM
DevvStream Corp. Terminates Strategic Partnership, Establishes Token Purchase Program
DEVS
New Projects/Investments
- DevvStream Corp. and Devvio, Inc. terminated their Strategic Partnership Agreement as of October 28, 2025, replacing it with a new Strategic Token Partnership.
- Under the new Strategic Token Partnership, DevvStream Corp. committed to annually purchase DevvE tokens from Devvio, Inc., with purchases totaling $1,000,000 in 2025 and $1,270,000 in each of 2026 and 2027.
- For each annual token purchase, DevvStream Corp. will receive warrants to acquire additional DevvE tokens equal to 25% of the primary purchase amount, exercisable for three years from each purchase date.
Nov 3, 2025, 11:02 AM
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