other material
confidence high
sentiment neutral
materiality 0.50
DevvStream and Karbon-X mutually terminate carbon credit forward purchase agreement
DevvStream Corp.
- Mutual termination of Oct 28, 2024 agreement for $2,892,000 of C-Sink credits at $120/unit.
- DevvStream was to issue 444,923 common shares at $6.50/share as consideration; no shares issued.
- Neither party had performed any obligations under the agreement; termination with no penalty.
- Termination effective May 29, 2026; mutual release of all claims related to the agreement.