DevvStream issues 1,120,448 shares to EEME at $0.1785 in amended deal
DEVS•DevvStream amended its securities purchase agreement with EEME Energy SPV I, which will pay an additional $200,000 by September 29 for 1,120,448 shares at $0.1785 each. The amendment also ends EEME’s remaining obligation under a broader $5 million advance arrangement tied to Southern Energy Renewables.
1. Amended share purchase
DevvStream amended its securities purchase agreement with EEME Energy SPV I, scaling back a $1 million common-share purchase. EEME funded $161,000 and will retain 561,308 shares at $0.28683; 2,925,078 shares will be cancelled. EEME must pay another $200,000 by September 29, and DevvStream will issue 1,120,448 shares at $0.1785.
2. Advance arrangement ends
The amendment ends any remaining obligation for EEME to fund the broader $5 million advance arrangement tied to Southern Energy Renewables.
