Core Viewpoint - DevvStream Holdings Inc. has received court approval for its De-SPAC transaction with Focus Impact Acquisition Corp, marking a significant step towards the amalgamation of the two companies [3][4]. Company Updates - The British Columbia Supreme Court granted the final order for the arrangement with Focus Impact Acquisition Corp, which involves the amalgamation of DevvStream with a wholly-owned subsidiary of FIAC, leading to the formation of a new entity named DevvStream Corp [3]. - FIAC's shareholders approved the De-SPAC transaction during a special meeting held on September 13, 2024 [4]. - The closing of the De-SPAC transaction is expected to be delayed beyond the previously announced date of September 16, 2024, as the company works to meet all regulatory approvals and closing conditions [5]. Company Background - Founded in 2021, DevvStream is focused on leveraging technology for carbon project development, aiming to align sustainability with profitability [6]. - The company has a pipeline of over 140 technology-based projects globally, assisting organizations in achieving net-zero goals while generating carbon credits [6]. - DevvStream employs a programmatic approach to evaluate project opportunities, co-developing projects in various sectors, including energy-efficient buildings and EV charging stations [6].
DevvStream Holdings Inc. Announces Receipt of Court Approval for the De-SPAC Transaction and Provides Transaction Updates