{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-023712","form_type":"8-K","ticker":"DEVS","cik":"0001854480","company_name":"DevvStream Corp.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.270456+00:00","generated_at":"2026-06-15T10:05:02.445252+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"SPAC Focus Impact Acquisition draws $487,500 from sponsor loan to extend business combination deadline","bullets":["Issued an unsecured promissory note to sponsor Focus Impact Sponsor, LLC for up to $1,500,000.","Initial draw of $487,500 deposited into trust account to fund extension of business combination deadline.","Note bears no interest, matures upon consummation of a business combination, and is convertible into warrants at $1.00 per warrant.","Additional draws up to $1,012,500 available subject to future requests for up to nine one-month extensions.","If no business combination occurs, repayment is limited to funds outside the trust account; amounts otherwise forfeited."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-023712","json":"https://secwatch.observer/filing/0001140361-23-023712.json","markdown":"https://secwatch.observer/filing/0001140361-23-023712.md","text":"https://secwatch.observer/filing/0001140361-23-023712.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854480/000114036123023712/0001140361-23-023712-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854480/000114036123023712/brhc20052665_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T10:05:02.445252+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8ee4caeb9dd8fc298727c74d5231549342e14506","claim":"DevvStream Corp. incurred loan of up to $1,500,000 with Focus Impact Sponsor, LLC at does not bear interest maturing matures upon closing of the Company's initial business combination.","evidence_excerpt":"on May 9, 2023, the Company issued an unsecured promissory note in the total principal amount of up to $1,500,000 (the “Promissory Note”) to the Sponsor and the Sponsor funded the initial principal amount of $487,500. The Promissory Note does not bear interest and matures upon closing of the Company’s initial business combination.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854480/000114036123023712/0001140361-23-023712-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"up to $1,500,000"},{"label":"Counterparty","value":"Focus Impact Sponsor, LLC"},{"label":"Rate","value":"does not bear interest"},{"label":"Maturity","value":"matures upon closing of the Company's initial business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}