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DevvStream ( (DEVS) ) just unveiled an update.
On January 26, 2026, DevvStream Corp. entered into a binding term sheet with XCF Global, Southern Energy Renewables and EEME Energy SPV I for a proposed three-way merger that would see DevvStream and Southern become wholly owned subsidiaries of XCF, creating an integrated low‑carbon fuels and environmental-attribute platform focused on sustainable aviation fuel and related clean-fuel pathways. As part of the preliminary deal framework, XCF agreed to raise $10 million through a share sale to EEME to fund conversion and upgrades at its New Rise Reno facility to support sustainable aviation fuel blending and commercial ramp-up, while governance, interim restrictions on certain capital markets activities and a multi-party board structure were outlined; however, the transaction remains subject to definitive agreements, extensive closing conditions and due diligence, and may not be completed, leaving significant execution, regulatory and market risks for investors and other stakeholders.
More about DevvStream
DevvStream Corp., listed on Nasdaq, is a carbon management company that develops, invests in and sells environmental assets worldwide, including carbon credits and renewable energy certificates, positioning itself at the intersection of climate finance and compliance/voluntary carbon markets.
Average Trading Volume: 375,043
Technical Sentiment Signal: Sell
Current Market Cap: $4.47M
For a thorough assessment of DEVS stock, go to TipRanks’ Stock Analysis page.