---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-049951"
form_type: "8-K"
ticker: "DEVS"
cik: "0001854480"
company_name: "DevvStream Corp."
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T01:47:02.376754+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# DevvStream grants first-ranking security interest in all carbon credits to secure $3.98M convertible notes

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-049951
- form_type: 8-K
- ticker: DEVS
- cik: 0001854480
- company_name: DevvStream Corp.
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854480/000114036124049951/0001140361-24-049951-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854480/000114036124049951/ef20040388_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-049951
- JSON: https://secwatch.observer/filing/0001140361-24-049951.json
- Plain text: https://secwatch.observer/filing/0001140361-24-049951.txt

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