---
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"
generated_at: "2026-06-03T21:22:55.902374+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.04
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-023907
- JSON: https://secwatch.observer/filing/0001140361-26-023907.json
- Plain text: https://secwatch.observer/filing/0001140361-26-023907.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1854480/000114036126023907/0001140361-26-023907-index.htm

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