STOCK TITAN

DevvStream to cancel 2.93M shares in revised deal

EEME’s additional $200,000 payment is due September 29, 2026, and DevvStream will issue shares promptly after receiving it.

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

DevvStream Corp. (DEVSF) amended its securities purchase agreement with EEME Energy SPV I LLC and Southern Energy Renewables, Inc., revising EEME’s share purchase and ending further funding obligations under the original agreement. EEME had agreed to buy $1,000,000 of common shares at $0.28683 per share, resulting in 3,486,386 shares issued to EEME, and had paid $161,000. Under the amendment, EEME will retain 561,308 common shares at the original price, while 2,925,078 common shares will be cancelled.

EEME shall pay DevvStream an additional $200,000 by September 29, 2026; promptly after receipt, DevvStream shall issue EEME 1,120,448 common shares at $0.1785 per share, which represents 85% of the 15-day VWAP. Separately, EEME funded $1.64 million of the $5,000,000 it agreed to advance to DevvStream, which DevvStream advanced to Southern. The amendment terminates all further funding obligations under the original agreement, including additional advance amounts.

Positive

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Negative

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Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Amount previously paid $161,000 EEME's payment under the original share purchase
Original purchase price $0.28683 per share Price for the common shares under the original agreement
Shares retained 561,308 common shares EEME retains these shares for the amount previously funded
Shares cancelled 2,925,078 common shares Shares cancelled under the amendment
Additional payment $200,000 Due by September 29, 2026
Additional shares to be issued 1,120,448 common shares To be issued promptly after receipt of the additional payment
Additional purchase price $0.1785 per share The stated price represents 85% of the 15-day VWAP
Advance funded $1.64 million Of the $5,000,000 EEME agreed to advance; DevvStream advanced the funded amount to Southern
15-day VWAP financial
"represents 85% of the 15-day VWAP"
immediately available funds financial
"wire transfer of immediately available funds"
Securities Purchase Agreement technical
"First Amendment to Securities Purchase Agreement"
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many DEVSF shares will EEME retain and how many will be cancelled?

EEME will retain 561,308 common shares at the original $0.28683 per-share price for the $161,000 previously funded; 2,925,078 common shares will be cancelled.

What payment and share issuance does the DEVSF amendment require?

EEME shall pay DevvStream $200,000 by September 29, 2026. Promptly after DevvStream receives the payment, it shall issue EEME 1,120,448 common shares at $0.1785 per share.

What happened to the remaining DEVSF advance funding?

EEME had agreed to advance $5,000,000 to DevvStream and had funded $1.64 million, which DevvStream advanced to Southern. The amendment terminates all further funding obligations under the original agreement, including additional advance amounts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 21, 2026

DEVVSTREAM CORP.
(Exact name of registrant as specified in its charter)

Alberta, Canada
001-40977
86-2433757
(State or other jurisdiction of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)

2108 N St., Suite 4254
Sacramento, California
(Address of principal executive offices)
 
95816
(Zip Code)
(647) 689-6041
(Registrant’s telephone number, including area code)


(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading
Symbol(s)
Name of each exchange on
which registered
Common shares
DEVSF
OTCPK

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 1.01.
Entry into a Material Definitive Agreement.

On September 21, 2026, DevvStream Corp. (the “Company”) entered into a First Amendment to Securities Purchase Agreement (the “Amendment”) with EEME Energy SPV I LLC (“EEME”) and Southern Energy Renewables, Inc. (“Southern”). The Amendment amends the Securities Purchase Agreement dated June 30, 2026 (the “Original SPA”). Under the Original SPA, EEME agreed to purchase from the Company $1,000,000 of the Company’s common shares (the “Common Shares”) at a purchase price of $0.28683 per share, which represented 90% of the 15-day VWAP and a 10% discount, resulting in the issuance of 3,486,386 Common Shares to EEME. EEME has paid only $161,000 to date. Under the Amendment, in exchange for the $161,000 previously funded, EEME shall retain 561,308 Common Shares at the original purchase price of $0.28683 per share, and the remaining 2,925,078 Common Shares shall be cancelled.

The Amendment further provides that EEME shall pay the Company an additional $200,000 by September 29, 2026, by wire transfer of immediately available funds, and, promptly, upon the Company’s receipt of such payment, the Company shall issue to EEME 1,120,448 Common Shares at a purchase price of $0.1785 per share, which represents 85% of the 15-day VWAP.

Pursuant to the terms of the Original SPA, EEME agreed to advance $5,000,000 to the Company and, promptly after receiving such funds, the Company agreed to advance such funds to Southern. Of such $5,000,000, EEME has funded $1.64 million to the Company, which the Company advanced to Southern. The Amendment terminates all further funding obligations, including any additional advance amounts, pursuant to the Original SPA.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01
Financial Statements and Exhibits.
 
(d) Exhibits:

Exhibit No.
 
Description
10.1
 
First Amendment to Securities Purchase Agreement, dated as of September 21, 2026, by and among DevvStream Corp., EEME Energy SPV I LLC and Southern Energy Renewables, Inc.
104
 
Cover page Interactive Data File (embedded in the cover page formatted in Inline XBRL)


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:  September 24, 2026
 
 
DEVVSTREAM CORP.
   
 
By:
/s/ Sunny Trinh
 
Name:
Sunny Trinh
 
Title:
Chief Executive Officer



Filing Exhibits & Attachments

4 documents

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