DevvStream enters binding term sheet for three-party merger with XCF Global and Southern

DevvStream Corp.

Binding term sheet signed for merger of DevvStream, XCF Global (Nasdaq: SAFX), and Southern Energy Renewables into combined low-carbon fuels platform.
Investor EEME commits $10M for XCF Common Stock to complete upgrades at New Rise Reno SAF refinery and fund operations.
Post-closing board: 4 XCF members (CEO Chris Cooper as chair), 2 from Southern, 1 from DevvStream.
Merger subject to definitive agreements, regulatory and stockholder approvals, and milestones: >$1B annual revenue, >$100M EBITDA.
Parties will evaluate integrating SMR nuclear power with eSAF and AI data center power as part of definitive agreements.

item 1.01 item 7.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001140361-26-002310
form_type: 8-K
ticker: DEVS
cik: 0001854480
company_name: DevvStream Corp.
filed_at: 2026-01-26T23:59:59+00:00
discovered_at: 2026-05-14T18:02:36.558067+00:00
generated_at: 2026-05-16T08:03:24.512289+00:00
sec_items: ["1.01", "7.01", "9.01"]
event_type: m_and_a
sentiment: positive
materiality_score: 0.75
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001140361-26-002310
json_url: https://secwatch.observer/filing/0001140361-26-002310.json
markdown_url: https://secwatch.observer/filing/0001140361-26-002310.md
text_url: https://secwatch.observer/filing/0001140361-26-002310.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1854480/000114036126002310/0001140361-26-002310-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1854480/000114036126002310/ef20063892_8k.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

JSON Markdown Plain text

Source: SEC EDGAR

accession 0001140361-26-002310

view filing index on sec.gov

view primary document

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.