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DevvStream ( (DEVS) ) has issued an update.
DevvStream has signed a binding investment agreement with UAE-based Fayafi Investment Holding Limited to create a jointly governed special purpose vehicle, the “Fayafi x DevvStream Investment Platform,” aimed at building a global origination and investment engine for decarbonization and energy-transition projects. Targeted to reach up to US$100 million in capital commitments by 2027, the platform will focus on environmental infrastructure, carbon solutions and related technologies, with profits distributed 80% to Fayafi and 20% to DevvStream, and will generate setup and recurring consulting fees for DevvStream while potentially strengthening its project pipeline, expanding recurring advisory and asset-management revenues, and enhancing its ability to monetize environmental assets at scale.
More about DevvStream
DevvStream Corp. is a carbon management and environmental-asset monetization firm that develops, aggregates and structures environmental assets, including carbon credits and related attributes, with a focus on decarbonization, energy transition solutions and scalable environmental technologies.
Average Trading Volume: 156,137
Technical Sentiment Signal: Sell
Current Market Cap: $5.65M
For a thorough assessment of DEVS stock, go to TipRanks’ Stock Analysis page.