DevvStream settles convertible note dispute with Helena; remaining debt $1M

DevvStream Corp.

Agreed to honor Helena's conversion notices totaling $295,000 in principal; shares due by June 8, 2026.
Digital asset collateral in BitGo credited at $2.6M, applied against outstanding note obligations.
Remaining debt under the note set at $1M, convertible at event of default discount price.
Helena consented irrevocably to DevvStream's proposed business combination with XCF Global and Southern Energy.
Helena restricted to selling no more than 10% of 10-day average daily trading volume per sale.

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 Settlement Agreement and Mutual Release with Helena Global Investment Opportunities 1 Ltd. (effective 2026-06-08).

Action: entry
Agreement: settlement
Counterparty: Helena Global Investment Opportunities 1 Ltd.
Effective: 2026-06-08

Exact text from the filing

On June 8, 2026, DevvStream Corp. (the “Company”) entered into a Settlement Agreement and Mutual Release (the “Settlement Agreement”) with Helena Global Investment Opportunities 1 Ltd. (“Helena”), the holder of the Company’s senior secured Convertible Promissory Note dated July 18, 2025 in the original principal amount of $10,000,000 (the “Note”).

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DevvStream Corp. filing history →

Source: SEC EDGAR

accession 0001140361-26-024382

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