debt
confidence high
sentiment neutral
materiality 0.65
DevvStream grants first-ranking security interest in all carbon credits to secure $3.98M convertible notes
DevvStream Corp.
- Granted first-priority security interest in all carbon credits and environmental assets to secure $3.982M 5.3% convertible notes due Nov 2026.
- Notes issued to Focus Impact Sponsor ($3M) and Focus Impact Partners ($982,150) in exchange for cancellation of prior debt.
- Conversion price at 25% discount to 20-day VWAP, floor $0.867 per share.
- Security interest covers Carbon Credits (e.g., CRTs, LCFS credits, California Cap-and-Trade) and proceeds.