DevvStream receives default notice on $10M note; enters $6M preferred stock financing

DevvStream Corp.

Helena claims Event of Default on $10M secured convertible note; asserts ~$4.5M due; instructs BitGo to liquidate ~$2.8M digital asset collateral (22.23 BTC, 12,610 SOL, $79,990 USD).
Company disputes components of Helena's claimed default amount and is evaluating resolution alternatives.
Entered binding term sheet with EEME Energy SPV I for $6M Series A Convertible Preferred Stock private placement.
$5M of net proceeds to fund investment in Southern Energy Renewables as part of pending business combination with XCF Global; $1M for working capital.
Initial $1.5M already funded; balance to be funded at subsequent closings.

item 1.01 item 2.04

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DevvStream Corp. entered into Term Sheet with EEME Energy SPV I, LLC valued at $6,000,000 (effective 2026-06-03).

Action: entry
Agreement: equity purchase
Counterparty: EEME Energy SPV I, LLC
Value: $6,000,000
Effective: 2026-06-03

Exact text from the filing

On June 3, 2026, DevvStream Corp. (the "Company") entered into a binding term sheet (the "Term Sheet") with EEME Energy SPV I, LLC (the "Investor") for a private placement of the Company's Series A Non-Redeemable Convertible Preferred Stock (the "Series A Preferred Stock") in an aggregate investment amount of $6,000,000 (the "Transaction").

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802 material agreements filed in the last 30 days. Browse all material agreements →

DevvStream Corp. filing history →

Source: SEC EDGAR

accession 0001140361-26-023907

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