Mr. Sunny Trinh reports

DEVVSTREAM ANNOUNCES DELAY IN FILING ANNUAL FINANCIAL STATEMENTS

Devvstream Holdings Inc.'s annual financial statements for the year ended July 31, 2024, including the related management's discussion and analysis, annual information form, and chief executive officer and chief financial officer certifications, have not been filed by the required filing deadline of Oct. 29, 2024.

The company had expected to complete its previously announced business combination transaction with Focus Impact Acquisition Corp. prior to the filing deadline, and accordingly, the company intended to apply to cease to be a reporting issuer in the provinces of British Columbia, Alberta and Ontario, in which case the annual financial filings would not have been required. Since the de-SPAC transaction did not complete prior to the filing deadline, the company is now in the process of preparing the annual financial filings but was unable to finalize the annual financial filings by the filing deadline.

The company is working on the steps required to complete the annual financial filings and expects to be able to file the annual financial filings by Nov. 26, 2024. The company will provide updates as further information relating to the annual financial filings becomes available.

The company has applied to the applicable securities regulatory authorities and received a management cease trade order imposed against the chief executive officer and chief financial officer of the company precluding them from trading securities of the company. The MCTO will be in effect until the annual financial filings are filed, and requires that the annual financial filings be filed on or before Dec. 30, 2024.

Until the annual financial filings are filed, the company intends to issue biweekly default status reports in accordance with National Policy 12-203 (Management Cease Trade Orders). The company intends to satisfy the provisions of the alternative information guidelines during the period it remains in default of the filing requirements. The company confirms that there is no other material information relating to its affairs that has not been generally disclosed.

About Devvstream Holdings Inc.

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, electric vehicle 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 multiyear 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, the company also provides premium carbon credits for purchase.

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