19:40:40 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Devvstream Holdings Inc
Symbol DESG
Shares Issued 29,603,127
Close 2023-12-18 C$ 0.53
Market Cap C$ 15,689,657
Recent Sedar Documents

Devvstream rehashes 2023 work agreements

2023-12-19 10:53 ET - News Release

Mr. Sunny Trinh reports

DEVVSTREAM PROVIDES CORPORATE UPDATE OUTLINING ACCELERATED DEVELOPMENT OF MARKET-LEADING CARBON CREDIT PLATFORM

Devvstream Holdings Inc. has provided a general corporate update related to the advancement of its business strategy, including several business agreements, strategic partnerships and programs that demonstrate accelerating growth and wider adoption of its technology-based carbon offset programs.

Devvstream recently announced the following additional signed agreements, strategic partnerships and programs further demonstrating the company's rapid growth and business momentum.

EV Charging - On December 5, 2023, Devvstream announced a partnership with Go-Station, Inc. ("Go-Station"), an electric vehicle ("EV") charging company, through which Devvstream will seek to leverage Go-Station's network of EV charging stations in the United States for carbon credit generation. In exchange for services related to the development and monetization of carbon credits from Go-Station's EV charging stations, Devvstream will retain a portion of any carbon credits generated.

Carbon Credit Offtake Agreement - On October 3, 2023, Devvstream signed a new offtake agreement with the B.C. Road Builders and Heavy Construction Association ("BCRB"), centered on BCRB's greenhouse gas reduction program, a revolutionary carbon offset project poised to make a substantial impact on global carbon emissions in the transportation sector. Devvstream has committed to the purchase of high-quality, verified carbon credits generated through the program, beginning in late 2024. This agreement is emblematic of the unique opportunity Devvstream offers for organizations to gain access to carbon markets while driving revenue streams stemming from decarbonization activities.

Carbon Offset Program Platform - On October 10, 2023, Devvstream officially launched its Carbon Offset Program Platform ("COPP")(TM), a first-of-its-kind blockchain-powered environmental project management platform. The COPP platform will aim to leverage the power of blockchain technology to provide a comprehensive and unalterable record of the company's carbon offset projects, setting a new standard of transparency, integrity, and accessibility to carbon offset projects in Devvstream's portfolio.

COP28 Engagement

Devvstream representatives recently traveled to Dubai, United Arab Emirates to participate in the 28th Conference of the Parties ("COP28") to the United Nations Framework Convention on Climate Change. Devvstream leaders presented at and led a number of panel and roundtable events, at venues ranging from the COP28 Blue Zone and the YOUNGA COP28 pavilion to the CC Forum: Global Investment in Sustainable Development, for discussions of the current and future state of carbon markets.

Form S-4 Filing

As previously announced on September 13, 2023, Devvstream entered a definitive business combination agreement with Focus Impact Acquisition Corp ("Focus Impact"). On December 11, 2023, Devvstream announced the filing of a registration statement on Form S-4 with the U.S. Securities and Exchange Commission, which contains a preliminary proxy statement/prospectus in connection with the proposed business combination between Devvstream and Focus Impact (the "Business Combination"). Upon closing, the Business Combination is expected to result in Devvstream being the first publicly traded carbon credit company on a major U.S. stock exchange.

About Devvstream

Founded in 2021, Devvstream is a leading authority in the use of technology in carbon project development. The Company's mission is to create alignment between sustainability and profitability, helping organizations achieve their climate initiatives while directly improving their financial health. With a pipeline of over 140 technology-based projects worldwide, Devvstream makes it simple for corporations and governments to address their net-zero goals while generating premium carbon credits in the process. Devvstream takes a programmatic approach to evaluating project opportunities, and co-develops projects spanning energy-efficient buildings, facilities and homes, industrial facilities, LED systems, EV charging stations, and technologies to seal oil wells. The Company's end-to-end proprietary solution removes the risk and complexity from every step, allowing organizations to move from project ideation to credit monetization with ease. The result is a multi-year stream of carbon credit revenue that transforms sustainability into a financial investment. In addition, for organizations that need help to offset their most difficult-to-reduce emissions, we also provide premium carbon credits for purchase.

On September 13, 2023, Devvstream and Focus Impact (Nasdaq: FIAC) announced that they have entered into a definitive business combination agreement for a business combination that would result in the combined company (Devvstream) to be listed on the Nasdaq Stock Market under the ticker symbol "DEVS".

About Focus Impact Acquisition Corp.

Focus Impact Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Additional Information and Where to Find It In connection with the Business Combination, Focus Impact and Devvstream have prepared, and Focus Impact has filed with the SEC, the Registration Statement containing the proxy statement/prospectus with respect to the combined company's securities to be issued in connection with the Business Combination, a proxy statement with respect to the stockholders' meeting of Focus Impact to vote on the Business Combination and certain other related documents. Investors, securityholders and other interested persons are urged to read the preliminary proxy statement/prospectus in connection with Focus Impact's solicitation of proxies for its special meeting of stockholders to be held to approve the Business Combination (and related matters) and general amendments thereto and the definitive proxy statement/prospectus, when available, because the proxy statement/prospectus contains important information about Focus Impact, Devvstream and the Business Combination. Once the Registration Statement is declared effective, Focus Impact will mail the definitive proxy statement/prospectus and other relevant documents to its stockholders as of a record date to be established for voting on the Business Combination. This communication is not a substitute for the Registration Statement, the definitive proxy statement/prospectus or any other document that Focus Impact will send to its stockholders in connection with the Business Combination. Once the Registration Statement is declared effective, copies of the Registration Statement, including the definitive proxy statement/prospectus and other documents filed by Focus Impact or Devvstream with the SEC, may be obtained, free of charge, by directing a request to Focus Impact Acquisition Corp., 250 Park Avenue, Suite 911, New York, New York 10177. The preliminary and definitive proxy statement/prospectus to be included in the Registration Statement, once available, can also be obtained, without charge, at the SEC's website (www.sec.gov). Additional details relating to the proposed Business Combination will also be available in the management information circular to be provided to shareholders of Devvstream to seek approval of the proposed Business Combination. Once mailed to the shareholders of Devvstream it will also be filed under Devvstream's profile on SEDAR at www.sedarplus.ca. Participants in the Solicitation

Focus Impact and its directors, executive officers, other members of management, and employees, may be deemed to be participants in the solicitation of proxies of Focus Impact's stockholders in connection with the Business Combination under SEC rules. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Focus Impact's stockholders in connection with the Business Combination is available in the Registration Statement and the proxy statement/prospectus included therein. To the extent that holdings of Focus Impact's securities have changed since the amounts printed in Focus Impact's registration statement on Form S-1 relating to its initial public offering, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Investors and security holders may obtain more detailed information regarding the names and interests in the Business Combination of Focus Impact's directors and officers in Focus Impact's filings with the SEC and in the Registration Statement, which includes the proxy statement/prospectus of Focus Impact for the Business Combination.

Devvstream and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of Focus Impact in connection with the Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the Business Combination are included in the proxy statement/prospectus of Focus Impact for the Business Combination. You may obtain free copies of these documents as described above.

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