{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-026750","form_type":"8-K","ticker":"DEVS","cik":"0001854480","company_name":"DevvStream Corp.","filed_at":"2025-07-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.381577+00:00","generated_at":"2026-05-18T04:32:02.001247+00:00","sec_items":["1.01","2.03","3.02","7.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"DevvStream enters $300M convertible note facility; initial $10M for crypto treasury","bullets":["Securities purchase agreement for up to $300M in senior secured convertible notes; initial $10M funded.","Notes convertible at 200% of prior closing price, 8% OID, 8% interest, 18-month maturity, secured by all assets.","75% of net proceeds (70% of initial tranche) to purchase crypto assets: Bitcoin, Solana, DevvE.","BitGo Trust Company appointed as custodian; FRNT Financial as digital treasury consultant.","Special shareholder meeting within 75 days to approve issuance >19.99% of outstanding shares for Nasdaq compliance."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-026750","json":"https://secwatch.observer/filing/0001140361-25-026750.json","markdown":"https://secwatch.observer/filing/0001140361-25-026750.md","text":"https://secwatch.observer/filing/0001140361-25-026750.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854480/000114036125026750/0001140361-25-026750-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854480/000114036125026750/ef20052327_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T04:32:02.001247+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":"f30e5561350f192341a237ad7e584e5fea77f536","claim":"DevvStream Corp. incurred convertible notes of up to an aggregate of $300 million with Helena Global Investment Opportunities 1 Ltd. at 8% per annum maturing eighteenth month anniversary of the date of issuance.","evidence_excerpt":"the Company may sell to the Buyers up to an aggregate of $300 million in newly issued senior secured convertible notes","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854480/000114036125026750/0001140361-25-026750-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"up to an aggregate of $300 million"},{"label":"Counterparty","value":"Helena Global Investment Opportunities 1 Ltd."},{"label":"Rate","value":"8% per annum"},{"label":"Maturity","value":"eighteenth month anniversary of the date of issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}