DEVVSTREAM HLDGS SUB VTG - DSTRF STOCK NEWS

DevvStream Holdings provided an update on its business combination with Focus Impact Acquisition Corp and upcoming Nasdaq listing. The company announced that the previously disclosed business combination, announced on September 13, 2023, is progressing towards completion, expected during the week of November 4, 2024. Upon completion, DevvStream is set to become the first publicly traded carbon streaming company on a major U.S. stock exchange, trading under the ticker symbol 'DEVS' on the Nasdaq Stock Market.

DevvStream Holdings (OTCQB: DSTRF) has announced a delay in filing its annual financial statements for the year ended July 31, 2024. The company missed the October 29, 2024 filing deadline as it had expected to complete a business combination with Focus Impact Acquisition Corp, which would have eliminated the filing requirement. Management has received a cease trade order affecting the CEO and CFO. DevvStream expects to file the required documents by November 26, 2024, with a final deadline of December 30, 2024. The company will issue bi-weekly default status reports until the filings are complete.

DevvStream Holdings (OTCQB: DSTRF) announced a correction to its October 25 press release, stating that trading will halt at 4:00 PM Eastern on October 25, 2024, not 5:00 PM as previously stated. This voluntary trading halt on Cboe Canada precedes the company's business combination with Focus Impact Acquisition Corp. The merger, announced on September 13, 2023, is expected to close on October 30, 2024, making DevvStream the first publicly traded carbon streaming company on a major U.S. exchange. Post-merger, the combined entity will trade on Nasdaq under the symbol 'DEVS' starting October 31, 2024.

DevvStream Holdings announced it will voluntarily halt trading on Cboe Canada on October 25, 2024, at 5:00 PM Eastern, ahead of its anticipated business combination with Focus Impact Acquisition Corp. The company expects to complete the merger on October 30, 2024, becoming the first publicly traded carbon streaming company on a major U.S. exchange. Following the combination, DevvStream plans to begin trading on the Nasdaq under the ticker symbol 'DEVS' on October 31, 2024.

DevvStream Holdings has announced an agreement to purchase 1.2 million carbon credits from the Ipixuna REDD+ Project in Brazil's Amazon rainforest. The transaction will be funded through newly authorized shares following DevvStream's Nasdaq listing, expected by October 31, 2024. The project covers 196,025.30 hectares of Amazon territory and is expected to reduce emissions by 13.2 million tCO2e over 30 years. The initiative, managed by the indigenous Parintintin tribe, aims to enhance environmental conservation, reduce deforestation-related GHG emissions, and improve local living conditions. The project is certified under the Cercarbono Certified Carbon Standard Program.

DevvStream Holdings Inc. (CBOE: DESG) (OTCQB: DSTRF) (FSE: CQ0), a carbon credit project co-development and generation firm, has provided an update on its proposed business combination with Focus Impact Acquisition Corp. (Nasdaq: FIAC) and Nasdaq listing. The transaction, announced on September 13, 2023, is expected to close on or before October 31, 2024, subject to closing conditions.

Upon completion, DevvStream is set to become the first publicly traded carbon streaming company on a major U.S. stock exchange, listed on Nasdaq under the ticker symbol 'DEVS'. CEO Sunny Trinh highlighted that this merger will enhance the company's financial strength, investor visibility, and access to capital markets, positioning DevvStream to execute its growth strategy in technology-based solutions for the carbon space.

DevvStream Holdings Inc. (CBOE: DESG) (OTCQB: DSTRF) has signed an MOU to acquire a 50% equity stake in Monroe Sequestration Partners (MSP) and its carbon sequestration operations. The transaction will be funded with 2 million newly authorized shares of DevvStream's common stock. MSP is developing one of the largest carbon sequestration reservoirs in the United States, with an estimated total storage capacity of 260 MMT of CO2.

The project is expected to generate revenue within two years through carbon sequestration federal tax credits (45Q), voluntary carbon offset credits, and storage fees. Additional revenue may come from timberland sequestration, stream bed remediation, and wetlands restoration. The acquisition aligns with DevvStream's strategy for growth, industry consolidation, and revenue diversification.

DevvStream Holdings Inc. (Cboe CA: DESG) (OTCQB: DSTRF) (FSE: CQ0) has received final court approval for its previously announced plan of arrangement with Focus Impact Acquisition Corp. (FIAC). The arrangement involves DevvStream amalgamating with a FIAC subsidiary after FIAC redomiciles as an Alberta company. The resulting entity will be renamed DevvStream Corp.

FIAC shareholders approved the De-SPAC Transaction on September 13, 2024. However, the closing is expected to be delayed beyond the previously announced date of September 16, 2024. Both companies are working to satisfy all closing conditions and obtain necessary regulatory approvals. DevvStream will provide updates on the new closing date when available.

Focus Impact Acquisition Corp (FIAC) shareholders have approved the previously announced business combination with DevvStream (CBOE: DESG, OTCQB: DSTRF, FSE: CQ0) at a Special Meeting on September 13, 2024. DevvStream shareholders had already approved the merger at their Annual General and Special Meeting on September 11, 2024. This transaction is expected to make DevvStream the first publicly traded carbon streaming company on a major U.S. stock exchange. DevvStream is a leading carbon credit project co-development and generation firm specializing in technology-based solutions. The full results of the Focus Impact stockholder vote will be filed with the SEC in a Current Report on Form 8-K.