Announcement • Jun 05
DevvStream Corp. announced that it expects to receive $6 million in funding from EEME Energy SPV I, LLC DevvStream Corp. announces that it has entered into a binding term sheet with EEME Energy SPV I, LLC to issue Series A Non-Redeemable Convertible Preferred Stock for gross proceeds of $6,000,000 on June 3, 2026. The transaction involves participation from new investor EEME Energy SPV I, LLC for $6,000,000. The Series A Preferred Stock is perpetual, with no mandatory redemption, maturity date, sinking fund, or repurchase obligation. The transaction will be funded at one or more closings on mutually agreed dates. The preferred stock is Senior to common stock as to dividends and liquidation; junior to all indebtedness; pari passu with any future preferred stock not designated as senior. Non-participating. The Series A Preferred Stock can be converted at any time by the holder into common stock. The conversion price is based on the 5-day average price of XCF Global shares after the business combination closes, or DevvStream shares after the BCA is terminated. Automatic conversion happens on a change of control or if a majority of Series A holders approve after BCA termination. Settlement is in DevvStream or XCF shares, at the company’s choice. The dividend is Non-cumulative; payable only if, when, and as declared by the Company's board of directors; payable in cash or common stock at the Company's election. The dividend rate will be determined in definitive documentation. The holder is entitled to vote only as a separate class on matters that adversely affect the rights, preferences, or privileges of the Series A Preferred Stock. Announcement • May 23
DevvStream Corp. Receives Notice of Nasdaq Delisting Review Due to Non-Compliance with Listing Rules As previously reported, on November 18, 2025, DevvStream Corp. received a notification letter (the “ Net Income Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq”) notifying the Company that since it did not comply with the minimum $500,000 net income requirement or the alternatives of market value of listed securities or stockholders’ equity (the “ Net Income Deficiency”), the Company no longer complied with Listing Rule 5550(b) (the “ Net Income Requirement”). Based on Nasdaq’s review of the compliance plan and materials submitted by the Company on January 22 and February 11, 2026, Nasdaq granted the Company an extension until May 18, 2026 to comply with the Net Income Requirement (the “ Net Income Compliance Extension ”). Also as previously reported, on April 7, 2026, the Company received a separate written notification (the “ Bid Price Notice”) from Nasdaq indicating that because the bid price for the Company’s common shares, no par value (“ Common Shares”), for the previous 30 consecutive business days (February 23, 2026 to April 6, 2026) had closed below the $1.00 per share minimum (the “ Bid Price Deficiency”), the Company is no longer in compliance with Nasdaq Listing Rule 5450(a)(1) (the “ Minimum Bid Price Rule”). Further, the Bid Price Notice states that, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible for any compliance period specified in Nasdaq Listing Rule 5810(c)(3)(A) due to the fact that the Company effected a reverse stock split over the prior one-year period. The Bid Price Notice further states that unless the Company timely requests a hearing before a Nasdaq Hearings Panel (the “ Panel”), the Company’s Common Shares would be subject to suspension/delisting. Accordingly, the Company requested a hearing before the Panel to address the Bid Price Deficiency. Such hearing occurred on May 19, 2025. Subsequently, on May 20, 2026, due to the expiration of the Net Income Compliance Extension, the Company received formal notification that it has not regained compliance with the Net Income Requirement and that, accordingly, the Panel will consider the Net Income Deficiency in their decision regarding the Company’s continued listing on Nasdaq, in addition to considering the Company’s lack of compliance with the Minimum Bid Price Rule, and suggested that the Company should present its views with respect to this Net Income Deficiency to the Panel in writing no later than May 27, 2026. The Company intends to do so. However, there can be no assurance that the Company will be able to regain compliance or maintain its listing on Nasdaq. Announcement • Apr 11
DevvStream Corp. Receives Non-Compliance Notice from the Listing Qualifications Department of the Nasdaq Stock Market On April 7, 2026, DevvStream Corp. (the Company) received a written notification (the Notice) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq) indicating that because the bid price for the Company's common shares, no par value (Common Shares), for the previous 30 consecutive business days, February 23, 2026 to April 6, 2026, has closed below the $1.00 per share minimum, the Company is no longer in compliance with Nasdaq Listing Rule 5450(a)(1) (the Rule). Further, the Notice states that, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible for any compliance period specified in Nasdaq Listing Rule 5810(c)(3)(A) due to the fact that the Company effected a reverse stock split over the prior one-year period. The Notice further states that unless the Company timely requests a hearing before a Hearings Panel (the Panel), the Company's securities, including the Common Shares, would be subject to suspension/delisting. Accordingly, the Company intends to timely request a hearing before the Panel. A timely hearing request will automatically stay any further suspension or delisting action by Nasdaq pending the Panel's decision. During the hearings process with the Panel, the Common Shares will continue to be listed and trade on Nasdaq. There can be no assurance that the Panel will grant the Company's request for continued listing or that the Company will be able to regain compliance and thereafter maintain its listing on Nasdaq. 
