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DEVVSTREAM HLDGS SUB VTG - DSTRF STOCK NEWS

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DevvStream Holdings Inc. (DSTRF) is a leading company specializing in technology-based decarbonization solutions, focusing on advancing commercialization through strategic partnerships and credit offset program expansions. With a mission to align sustainability and profitability, DevvStream offers over 140 technology-based projects globally to help organizations achieve net-zero goals and generate premium carbon credits. The recent agreement with Focus Impact Acquisition Corp. aims to list DevvStream on the Nasdaq Stock Market under the ticker symbol 'DEVS'.

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DevvStream Holdings Inc. (OTCQB: DSTRF) announced the results of its 2024 Annual General and Special Shareholder Meeting held on September 11, 2024. Shareholders overwhelmingly approved the plan of arrangement with Focus Impact Acquisition Corp. (FIAC), which involves FIAC redomiciling as an Alberta company and DevvStream amalgamating into a FIAC subsidiary. The meeting saw 85.65% of eligible voting rights represented, with 100% approval for the arrangement resolution. Shareholders also re-elected five directors and reappointed MNP LLP as auditors. CEO Sunny Trinh expressed satisfaction with the strong shareholder support. The Transaction is expected to close on September 16, 2024, subject to FIAC stockholder approval and final court order.

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Focus Impact Acquisition Corp. (NASDAQ: FIAC) and DevvStream Holdings Inc. (OTCQB: DSTRF) have announced special meetings for shareholders to vote on their proposed Business Combination. The FIAC special meeting is scheduled for September 10, 2024, while DevvStream's annual general and special meeting will be held on September 11, 2024. This follows the recent announcement of registration statement effectiveness with the SEC, marking a significant milestone in the transaction.

The company expects to complete the Business Combination during the third quarter, aiming to become the first publicly traded carbon streaming company on a major U.S. stock exchange. Additionally, DevvStream and Focus Impact will host a 2024 Analyst and Investor Day on September 5, 2024, to provide updates on commercial progress, long-term goals, and overall business strategy.

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Focus Impact Acquisition Corp. (NASDAQ: FIAC) and DevvStream Holdings (CBOE: DESG, OTCQB: DSTRF, FSE: CQ0) have announced that the U.S. SEC has declared their Registration Statement effective. This relates to their proposed business combination.

Once conditions are met, including shareholder and court approvals, the Business Combination will close, and the new entity will trade on Nasdaq under 'DEVS' and 'DEVSW.' DevvStream aims to be the first publicly traded carbon credit company on a major U.S. stock exchange.

This milestone is seen as a significant step towards providing investors with long-term returns and meeting the demand for high-quality carbon credits. Additional information will be announced soon, including the scheduling of a shareholder vote.

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DevvStream Holdings has announced an agreement with OK2Charge to use OK2Charge's EV charging network for generating carbon credits. This partnership aims to boost EV infrastructure in rental properties, generating significant carbon credits to fund further expansion. By participating in DevvStream's Electric Vehicle Charging Carbon Offset Program (EVCCOP), OK2Charge will receive a majority of the net revenues from the sale of these credits, with DevvStream retaining a portion for their services. This collaboration follows DevvStream's recent agreements with other EV infrastructure developers, strengthening its position as a leading carbon credit generation partner globally.

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DevvStream has announced a partnership with E-Fill to launch its Electric Vehicle Charging Carbon Offset Program (EVCCOP) in India. This initiative will generate voluntary carbon credits from EV charging stations, creating a new revenue stream for E-Fill and supporting EV infrastructure expansion. The program is designed for various ChargePoint Operators and aims to reduce greenhouse gas emissions by encouraging EV usage. India's EV market is growing rapidly, with government support for EV manufacturing and charging infrastructure. DevvStream's business combination with Focus Impact Acquisition Corp. is progressing, with an expected NASDAQ listing in Q3 2024.

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DevvStream Holdings Inc. announces amendments to the Business Combination Agreement with Focus Impact Acquisition Corp., involving a reverse split of stock and share consideration adjustments. The First Amendment outlines the conversion of securities, warrants, and shares, detailing the SPAC Continuance and the Amalgamation process. The agreement specifies terms for New PubCo Common Shares issuance and the Reverse Split Factor calculation, aiming to streamline the Business Combination.

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DevvStream Holdings Inc. announces a multi-year carbon credit purchase agreement with a major logistics and marketing firm, reflecting the strong demand for CFR credits and commitment to clean technologies. The agreement includes the purchase of 25,000 compliance carbon credits with an option for an additional 100,000 credits under Canada's CFR program.
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DevvStream Holdings Inc. CEO Sunny Trinh to speak at the United Nations Science-Policy-Business Forum on the Environment on the topic of 'The Argument for High-Integrity Carbon Markets'. The event aims to address issues related to greenwashing, accountability, and integrity in carbon markets. DevvStream focuses on technology-based carbon offset solutions to democratize access to carbon markets.
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DevvStream Holdings Inc. plans to integrate its advanced technology platform with Fiùtur to further enhance its decarbonization programs. The move aims to ensure transparent and auditable claims for its public and private sector projects, supporting the transition to a low-carbon economy.
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DevvStream Holdings Inc. (DESG) and Green Energy Technology (GET) announced a definitive agreement to leverage GET’s network of EV charging stations in the New York City metropolitan area for carbon credit generation. This Agreement will establish a new revenue stream for GET, enabling further expansion of the company’s growing EV charging infrastructure within and beyond the New York City area, while building upon DevvStream’s rapidly expanding portfolio of EV charging locations. DevvStream estimates that the average Level 2 EV charger generates approximately 40 credits per year with medium use, while a Level 3 EV charger generates approximately 500 credits annually.
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FAQ

What is the current stock price of DEVVSTREAM HLDGS SUB VTG (DSTRF)?

The current stock price of DEVVSTREAM HLDGS SUB VTG (DSTRF) is $0.3278 as of October 15, 2024.

What is the market cap of DEVVSTREAM HLDGS SUB VTG (DSTRF)?

The market cap of DEVVSTREAM HLDGS SUB VTG (DSTRF) is approximately 23.7M.

What is the core focus of DevvStream Holdings Inc.?

DevvStream specializes in technology-based decarbonization solutions, helping organizations achieve net-zero goals and generate premium carbon credits.

What recent partnership did DevvStream announce?

DevvStream entered into a definitive agreement with Focus Impact Acquisition Corp. for a business combination aiming to list on the Nasdaq Stock Market under the ticker symbol 'DEVS'.

How many technology-based projects does DevvStream offer globally?

DevvStream provides over 140 technology-based projects worldwide to assist organizations in addressing their sustainability goals.

What is the primary goal of DevvStream's Electric Vehicle Charging Carbon Offset Program (EVCCOP)?

The EVCCOP aims to accelerate electric mobility by generating revenue for EV charging network owners and operators through the production and sale of voluntary carbon credits.

DEVVSTREAM HLDGS SUB VTG

OTC:DSTRF

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23.68M
28.93M
3.39%
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