---
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"
generated_at: "2026-05-16T08:03:24.512289+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854480/000114036126002310/0001140361-26-002310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854480/000114036126002310/ef20063892_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-002310
- JSON: https://secwatch.observer/filing/0001140361-26-002310.json
- Plain text: https://secwatch.observer/filing/0001140361-26-002310.txt

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