DevvStream secures $6 million investment, terminates $300 million credit line
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DevvStream Announces $6 Million Equity Investment from EEME Energy; Gives Notice to Terminate $300 Million Equity Line of Credit
June 4, 2026 8:00 AM EDT$1.5 million already funded; preferred stock structure adds no debt, has no maturity date, and carries no repayment obligation
CALGARY, Alberta--(BUSINESS WIRE)-- DevvStream Corp. (NASDAQ: DEVS) (DevvStream or the Company) today announced that it has entered into a binding term sheet with EEME Energy SPV I, LLC (EEME) for a $6.0 million private placement of the Companys Series A Non-Redeemable Convertible Preferred Stock. EEME has already funded $1.5 million of the investment. The Company also announced that it has given notice to terminate its equity line of credit purchase agreement, under... More
