{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-046512","form_type":"8-K","ticker":"DEVS","cik":"0001854480","company_name":"DevvStream Corp.","filed_at":"2024-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.079339+00:00","generated_at":"2026-05-30T01:07:14.052586+00:00","sec_items":["1.01","2.01","9.01","5.02","3.02","2.03","3.03","5.03","5.01","5.05","7.01","8.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Devvstream Corp. completes de-SPAC merger; 27.4M shares outstanding, PIPE of $2.25M, warrants assumed.","bullets":["Business combination closed Nov 6; New PubCo (DEVS) trades on Nasdaq; FIAC shareholders got 0.9692 shares each.","PIPE financing raised $2.25M via 3.44M shares; total shares outstanding ~27.4M (excl. 557k consulting shares).","New PubCo issued $3.98M in 5.3% convertible notes (24-month maturity, conversion at 25% discount to VWAP, floor $0.867).","Strategic consulting agreement: $500k annual fee plus 557,290 shares; payments contingent on $5M raise or 2 positive cash flow quarters.","Warrants assumed: 11.5M public and 11.2M private placement; exercise at $11.86 for 0.9692 shares each."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-046512","json":"https://secwatch.observer/filing/0001140361-24-046512.json","markdown":"https://secwatch.observer/filing/0001140361-24-046512.md","text":"https://secwatch.observer/filing/0001140361-24-046512.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854480/000114036124046512/0001140361-24-046512-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854480/000114036124046512/ef20038430_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T01:07:14.052586+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":"19ab72e6ac","claim":"Stephen Kukucha was appointed as Director at DevvStream Corp..","evidence_excerpt":"five new directors were appointed to the Board, including Michael Max Bühler, Stephen Kukucha, Jamila Piracci, Ray Quintana and Thomas G. 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(closed 2024-11-06).","evidence_excerpt":"On November 6, 2024 (the “Closing Date”), Focus Impact Acquisition Corp. and our predecessor company (“FIAC”) consummated the previously announced business combination with DevvStream Holdings Inc.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854480/000114036124046512/0001140361-24-046512-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Focus Impact Acquisition Corp."},{"label":"Closing","value":"2024-11-06"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}