{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-023907","form_type":"8-K","ticker":"DEVS","cik":"0001854480","company_name":"DevvStream Corp.","filed_at":"2026-06-03T21:20:49+00:00","discovered_at":"2026-06-03T21:22:00.242681+00:00","generated_at":"2026-06-03T21:22:55.902374+00:00","sec_items":["1.01","2.04"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"DevvStream receives default notice on $10M note; enters $6M preferred stock financing","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-023907","json":"https://secwatch.observer/filing/0001140361-26-023907.json","markdown":"https://secwatch.observer/filing/0001140361-26-023907.md","text":"https://secwatch.observer/filing/0001140361-26-023907.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854480/000114036126023907/0001140361-26-023907-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854480/000114036126023907/ef20075535_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T21:22:55.902374+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e1276d3b57af04e52f54c142b7a162098b1ffb93","claim":"DevvStream Corp. entered into Term Sheet with EEME Energy SPV I, LLC valued at $6,000,000 (effective 2026-06-03).","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854480/000114036126023907/0001140361-26-023907-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"EEME Energy SPV I, LLC"},{"label":"Value","value":"$6,000,000"},{"label":"Effective","value":"2026-06-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}