DevvStream Converts Debt to Equity, Strengthens Capital Structure

An update from DevvStream ( (DEVS) ) is now available.

On March 13, 2026, DevvStream Corp. entered into a conversion agreement with Focus Impact Partners and its affiliate to convert about $5.49 million of secured convertible notes and accrued consulting fees into 6,083,244 common shares at a price of $0.9026 per share. The move eliminated those obligations in full and formed part of a wider balance‑sheet clean‑up linked to a proposed multi‑party transaction involving XCF, Southern and EEME.

On the same date, DevvStream announced a broader package of measures that reduced its outstanding debt by roughly $5.9 million net and provided a $700,000 zero‑interest loan to bolster working capital. Key partners Focus Impact and Helena converted debt to equity at a premium and relaxed interest and collateral terms, materially improving DevvStream’s capital structure and signaling increased confidence in its long‑term strategy and equity value.

More about DevvStream

DevvStream Corp., listed on Nasdaq under the ticker DEVS, is a carbon management firm focused on the development, investment and monetization of environmental assets. The company partners with corporations, governments and project developers worldwide to generate and manage high‑integrity environmental credits and certificates that support decarbonization and broader sustainability goals.

Operating at the intersection of climate finance and voluntary carbon markets, DevvStream’s business model centers on structuring and scaling projects that produce tradable environmental instruments. This positions the company as an intermediary helping clients meet emissions‑reduction commitments while seeking to capture value from growing demand for verified carbon and environmental assets.

Average Trading Volume: 1,008,189

Technical Sentiment Signal: Sell

Current Market Cap: $4.38M

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