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Correction: DevvStream to Voluntarily Halt Trading at 4:00PM Eastern
The Eastern panyThe Eastern pany(US:EML) Newsfileยท2024-10-27 21:24

Core Viewpoint - DevvStream Holdings Inc. is set to become the first publicly traded carbon streaming company on a major U.S. stock exchange following its business combination with Focus Impact Acquisition Corp, with trading expected to halt on October 25, 2024, at 4:00 PM Eastern [1][2]. Company Overview - DevvStream, founded in 2021, specializes in technology-based solutions for carbon project development, aiming to align sustainability with profitability [3]. - The company has a pipeline of over 140 technology-based projects globally, facilitating organizations in achieving net-zero goals while generating premium carbon credits [3]. - DevvStream's approach simplifies the process from project ideation to credit monetization, transforming sustainability into a financial investment [3]. Business Combination Details - The definitive Business Combination Agreement between DevvStream and Focus Impact Acquisition Corp was announced on September 13, 2023, with the transaction expected to close on October 30, 2024 [2][4]. - Upon completion, the combined entity will be listed on Nasdaq under the ticker symbol "DEVS" starting October 31, 2024 [2][4].