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DevvStream ( (DEVS) ) has shared an update.
On December 3, 2025, DevvStream Corp. and Southern Energy Renewables Inc. announced a merger agreement to form a new U.S.-domiciled company listed on Nasdaq. This merger aims to create a platform for producing carbon-negative SAF and green methanol, targeting aviation and maritime sectors to meet global decarbonization mandates. The transaction involves Southern making a $2 million PIPE investment in DevvStream, with Southern shareholders expected to own 70% of the new entity. The merger is anticipated to close in the first half of 2026, pending regulatory and shareholder approvals.
More about DevvStream
DevvStream Corp. is a leading firm in carbon management and environmental-asset monetization, focusing on integrating carbon-credit origination expertise with low-cost, carbon-negative fuels. The company is involved in the production of sustainable aviation fuel (SAF) and green methanol, leveraging regional biomass resources to meet global demand for clean fuels.
Average Trading Volume: 159,095
Technical Sentiment Signal: Sell
Current Market Cap: $6.88M
See more insights into DEVS stock on TipRanks’ Stock Analysis page.