• DevvStream entered a binding term sheet for a private placement of USD 6 million Series A Non-Redeemable Convertible Preferred Stock.
• Investor EEME Energy SPV I has funded USD 1.5 million; remaining proceeds to be funded in later closings.
• Net proceeds earmarked for USD 5 million investment in Southern Energy Renewables; USD 1 million for working capital.
• Preferred stock is perpetual, non-redeemable; dividends are non-cumulative, subject to board declaration.
• Shares are convertible into common stock; conversion price tied to post-closing VWAP tied to the XCF business combination or BCA termination.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DevvStream Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-023907), on June 03, 2026, and is solely responsible for the information contained therein.