---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-044562"
form_type: "8-K"
ticker: "DEVS"
cik: "0001854480"
company_name: "DevvStream Corp."
filed_at: "2024-10-30T23:59:59+00:00"
generated_at: "2026-05-30T08:32:31.299933+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FIAC signs PIPE, ELOC, and Monroe agreements for DevvStream merger; waives David Oliver conditions

## Summary
- Sponsor transfers up to 5.75M shares to satisfy ~$15.1M in advisor fees and to fund PIPE/ELOC.
- PIPE investors subscribe for 201K shares at $2.25M; carbon credit subscriptions raise 3.25M New PubCo shares.
- Helena Global provides up to $40M equity line of credit post-close; $125K commitment fee to be issued.
- FIAC waives conditions tied to DevvStream halting CBOE trading and potential David Oliver litigation.
- Pro forma combined net loss of $2.33M for H1 2024; combined equity estimated at $11.62M.

## SEC filing metadata
- accession: 0001140361-24-044562
- form_type: 8-K
- ticker: DEVS
- cik: 0001854480
- company_name: DevvStream Corp.
- filed_at: 2024-10-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854480/000114036124044562/0001140361-24-044562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854480/000114036124044562/ny20037189x8_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-044562
- JSON: https://secwatch.observer/filing/0001140361-24-044562.json
- Plain text: https://secwatch.observer/filing/0001140361-24-044562.txt

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