---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-040712"
form_type: "8-K"
ticker: "DEVS"
cik: "0001854480"
company_name: "DevvStream Corp."
filed_at: "2024-09-10T23:59:59+00:00"
generated_at: "2026-05-31T05:42:44.187344+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FIAC revises merger terms with DevvStream; may issue up to 5M additional shares

## Summary
- Obligations totaling ~$3.215M to convert into new PubCo notes due 24 months after closing.
- Holders of $861.5K in Convertible Bridge Notes extend maturity to 24 months post-closing.
- Potential non-redemption agreements or equity lines; up to 5M additional shares may be issued.
- Closing condition waived for David Oliver to deliver employment agreement.
- Special meeting to approve business combination with DevvStream on September 13, 2024.

## SEC filing metadata
- accession: 0001140361-24-040712
- form_type: 8-K
- ticker: DEVS
- cik: 0001854480
- company_name: DevvStream Corp.
- filed_at: 2024-09-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854480/000114036124040712/0001140361-24-040712-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854480/000114036124040712/ef20035715_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-040712
- JSON: https://secwatch.observer/filing/0001140361-24-040712.json
- Plain text: https://secwatch.observer/filing/0001140361-24-040712.txt

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