---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-014502"
form_type: "8-K"
ticker: "DEVS"
cik: "0001854480"
company_name: "DevvStream Corp."
filed_at: "2026-04-14T23:59:59+00:00"
generated_at: "2026-05-15T06:26:11.313003+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DevvStream signs definitive merger with XCF Global and Southern Energy; conditions include $1B revenue target

## Summary
- Three-way merger: DevvStream and Southern become wholly-owned subsidiaries of XCF; DevvStream shareholders receive XCF shares.
- Closing requires XCF to achieve >$1B annualized revenue and $100M EBITDA by June 30, 2026.
- Southern must secure Louisiana approval for at least $400M in bonds and engage an investment bank.
- Support & lock-up agreements ensure shareholder approval from core holders of both DevvStream and XCF.
- Termination fees: $510K payable by DevvStream to XCF (or by XCF to DevvStream and Southern) under certain conditions.

## SEC filing metadata
- accession: 0001140361-26-014502
- form_type: 8-K
- ticker: DEVS
- cik: 0001854480
- company_name: DevvStream Corp.
- filed_at: 2026-04-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854480/000114036126014502/0001140361-26-014502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854480/000114036126014502/ef20070306_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-014502
- JSON: https://secwatch.observer/filing/0001140361-26-014502.json
- Plain text: https://secwatch.observer/filing/0001140361-26-014502.txt

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