secwatch.observer — SEC 8-K summary
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Issuer:     DevvStream Corp. (DEVS)
CIK:        0001854480
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001140361-24-024056
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854480/000114036124024056/0001140361-24-024056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854480/000114036124024056/ny20010621x9_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-024056

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