DevvStream and Fayafi Execute Investment Agreement and Advance Plans for “Fayafi x DevvStream Investment Platform”
DevvStream Corp. (DEVS)
Company Research
Source: Business Wire
SACRAMENTO, Calif.--(BUSINESS WIRE)--DevvStream Corp. (Nasdaq: DEVS) (“DevvStream” or the “Company”), a leading carbon management and environmental-asset monetization firm, today announced the execution of a binding term sheet (the “Investment Agreement”) with Fayafi Investment Holding Limited (“Fayafi”), a UAE-based investment platform registered in the Dubai International Financial Centre (DIFC).Pursuant to the Investment Agreement, the parties intend to establish a jointly governed special purpose vehicle (“SPV”) to be named the “Fayafi x DevvStream Investment Platform” within ninety (90) days of the Investment Agreement’s effective date. The SPV is targeted to scale upward, reaching US$100 million in capital commitment by the end of 2027, and intends to pursue high-impact, scalable opportunities across decarbonization and the energy transition, including environmental infrastructure, carbon solutions, and related technologies. The Investment Agreement supersedes the parties’ p
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