On March 13, 2026, DevvStream Corp. (NASDAQ: DEVS), a leading carbon management and environmental asset development company, announced a significant financial maneuver aimed at reducing its outstanding debt by approximately $5.9 million. This strategic move involves converting $5.49 million of debt into equity through a Conversion Agreement with Focus Impact Partners, LLC and Focus Impact Sponsor, LLC. The agreement allows for the conversion of certain outstanding debt obligations into Common Shares of the Company at a conversion price of $0.9026 per share, which is a 12.9% premium over the closing share price on March 10, 2026. This conversion will result in the issuance of 6,083,244 Common Shares, with 3,556,839 shares allocated to Focus Impact Sponsor and 2,526,405 shares to Focus Impact Partners. The conversion is expected to enhance the company's balance sheet and provide a stronger foundation for future growth. Additionally, the company has secured a zero-interest bridge financing of $700,000 to support its working capital needs, further solidifying its financial stability. CEO Sunny Trinh expressed confidence in the company's long-term strategy, stating that the willingness of partners to convert debt into equity reflects strong belief in DevvStream's future value. The company is also preparing for a proposed merger with XCF, Southern, and EEME, which is anticipated to create a combined enterprise valued at $3 billion. This merger is expected to provide additional operational synergies and enhance shareholder value. Investors are encouraged to review the full details of the Conversion Agreement and the implications of these transactions as they are expected to have a noticeable positive effect on the company's stock price.

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