---
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"
generated_at: "2026-05-18T04:32:02.001247+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DevvStream enters $300M convertible note facility; initial $10M for crypto treasury

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-026750
- JSON: https://secwatch.observer/filing/0001140361-25-026750.json
- Plain text: https://secwatch.observer/filing/0001140361-25-026750.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: up to an aggregate of $300 million
  - Counterparty: Helena Global Investment Opportunities 1 Ltd.
  - Rate: 8% per annum
  - Maturity: eighteenth month anniversary of the date of issuance
  - Event: incurrence
  source text: the Company may sell to the Buyers up to an aggregate of $300 million in newly issued senior secured convertible notes
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854480/000114036125026750/0001140361-25-026750-index.htm

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