---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-024056"
form_type: "8-K"
ticker: "DEVS"
cik: "0001854480"
company_name: "DevvStream Corp."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:53:59.289553+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Focus Impact Acquisition amends business combination agreement with DevvStream; revises share conversion formulas

## Summary
- Reverse Split Factor defined as lesser of Final Company Share Price / $0.6316 and 1; affects all share/warrant conversions.
- Common Amalgamation Consideration recalculated as Reverse Split Factor times Amalgamation Consideration Value divided by $10.20.
- Sponsor Side Letter amended to confirm Class B shares and Private Placement Warrants convert only into New PubCo Common Shares at Reverse Split Factor; fractional shares rounded down.
- Per Common Share Amalgamation Consideration for Multiple Voting Shares set at 10x Common Conversion Ratio; for Subordinated Voting Shares at Common Conversion Ratio.

## SEC filing metadata
- accession: 0001140361-24-024056
- form_type: 8-K
- ticker: DEVS
- cik: 0001854480
- company_name: DevvStream Corp.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854480/000114036124024056/0001140361-24-024056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854480/000114036124024056/ny20010621x9_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-024056
- JSON: https://secwatch.observer/filing/0001140361-24-024056.json
- Plain text: https://secwatch.observer/filing/0001140361-24-024056.txt

## Key facts
- Material Agreements
  DevvStream Corp. amended Amendment No. 1 to the Initial Business Combination Agreement with Focus Impact Acquisition Corp., Focus Impact Amalco Sub Ltd., DevvStream Holdings Inc. (effective 2024-05-01).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Focus Impact Acquisition Corp., Focus Impact Amalco Sub Ltd., DevvStream Holdings Inc.
  - Effective: 2024-05-01
  source text: On May 1, 2024, FIAC, Amalco Sub and DevvStream entered into Amendment No. 1 to the Initial Business Combination Agreement (the “ First Amendment ”), which amends the Initial Business Combination Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854480/000114036124024056/0001140361-24-024056-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.