DEVS DevvStream Corp.
Price Chart
Executive Summary
DevvStream entered into a Settlement Agreement with its senior secured noteholder Helena Global Investment Opportunities 1 Ltd., resolving a default dispute that had escalated to a demand for approximately $4.5 million. The agreement credits $2.6 million in digital asset collateral, requires delivery of conversion shares for $295,000, and leaves $1 million of remaining convertible debt outstanding, while securing Helena's irrevocable consent to a proposed three-way business combination with XCF Global and Southern Energy Renewables.
Actionable Insight
The settlement removes near-term default/litigation overhang but leaves $1M in convertible debt that continues to pose dilution risk at a discount price. The irrevocable merger consent is a positive for the deal's closing path. Monitor trading volumes for potential selling from Helena under the leak-out restriction. The stock remains under severe distress ($2M market cap).
Key Facts
- Settlement resolves default dispute on a $10M convertible note with Helena; remaining debt is $1M convertible at the Event of Default Discount Price.
- Digital asset collateral credited at $2.6 million; Helena retains possession and control.
- Helena irrevocably consents to the proposed business combination with XCF Global and Southern Energy Renewables.
- Leak-out restriction limits Helena's share sales to 10% of average daily volume over the prior ten trading days.
- Over $7.4 million of the original note has been extinguished or converted (collateral credit + conversion shares).
Financial Impact
Note was originally $10M; $2.6M collateral credited + $295K conversion shares to be delivered; remaining debt $1M. Net ~$7.4M of obligations resolved/eliminated, but $1M remains convertible at a discount price, posing ongoing dilution risk.
Risk Factors
- $1M remaining convertible debt at Event of Default discount price creates further dilution.
- Leak-out restriction (10% of ADV) still permits significant selling pressure relative to the small market cap.
- Company faces going-concern risk with no disclosed operating revenue and a pending business combination.
- Digital asset collateral is controlled by Helena, not the company.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-024382 |
| Document: 0001140361-26-024382-index-headers.html | 0001140361-26-024382 |
| Document: 0001140361-26-024382-index.html | 0001140361-26-024382 |
| Document: 0001140361-26-024382.txt | 0001140361-26-024382 |
Filters
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|---|---|---|---|---|---|
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Jun 8, 2026
4d ago
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425
| $0.8044 awaiting T+1 | awaiting T+1 | — | $0.2600 (−67.68%) |
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Jun 8, 2026
4d ago
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8-K
| $0.6650 awaiting T+1 | awaiting T+1 | — | $0.2600 (+60.90%) |
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Jun 4, 2026
8d ago
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425
| $0.6260 awaiting T+1 | awaiting T+1 | — | $0.2600 (−58.47%) |
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Jun 3, 2026
9d ago
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8-K
| $0.4570 $0.5801 | ▼ −26.94% | ▼ −29.51% | $0.2600 (+43.11%) |
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Jun 3, 2026
9d ago
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8-K
| $0.6650 $0.4570 | ▼ −31.28% | ▼ −31.68% | $0.2600 (−60.90%) |
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May 18, 2026
25d ago
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425
| $0.1550 $0.1560 | ▲ +0.65% | ▼ −0.39% | $0.2600 (+67.74%) |
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Apr 14, 2026
8w ago
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425
| $0.7700 $0.7590 | ▼ −1.43% | ▼ −2.20% | $0.2600 (−66.23%) |
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Apr 14, 2026
8w ago
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8-K
| $0.7700 $0.7590 | ▼ −1.43% | ▼ −2.20% | $0.2600 (−66.23%) |
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Apr 10, 2026
9w ago
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8-K
| $0.9500 $0.7700 | ▲ +18.95% | ▲ +20.16% | $0.2600 (+72.63%) |
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Feb 25, 2026
15w ago
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8-K
| $0.9300 $0.9060 | ▲ +2.58% | ▲ +2.04% | $0.2600 (+72.04%) |
US Market Status
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