DevvStream and Southern Energy Renewables Announce Business Combination Targeting Low-Cost Production of Carbon-Negative SAF and Green Methanol
DevvStream Corp. (DEVS)
Company Research
Source: Business Wire
Combination integrates carbon-credit origination expertise with U.S.-produced, lower-cost carbon-negative fuels to meet growing global demandSouthern secures a $402 million bond allocation from the Louisiana Community Development Authority in support of its flagship biomass-to-fuel facilitySouthern makes initial PIPE Investment in DevvStream of approximately $2.0 million at $15.58 per share SACRAMENTO, Calif. & NEW ORLEANS--(BUSINESS WIRE)--DevvStream Corp. (Nasdaq: DEVS) (“DevvStream”), a leading carbon management and environmental-asset monetization firm, and Southern Energy Renewables Inc. (“Southern”), a U.S.-based producer of low-cost fuels made from biomass, with a flagship Louisiana project that plans to utilize regional wood-waste biomass to deliver green methanol and carbon-negative sustainable aviation fuel (“SAF”) at scale, today announced that they have entered into a definitive agreement to combine under a new U.S.-domiciled, Nasdaq-listed company, following customary
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News
- Louisiana Community Development Authority Authorizes up to $402 Million in Revenue Bonds for Southern Energy Renewables’ Louisiana Fuel ProjectBusiness Wire
- DevvStream and Southern Energy Renewables Announce Business Combination Targeting Low-Cost Production of Carbon-Negative SAF and Green Methanol [Yahoo! Finance]Yahoo! Finance
- DevvStream Reports Fiscal Year 2025 Results and Advances Digital-Asset and Tokenization StrategyBusiness Wire
- DevvStream (NASDAQ:DEVS) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=DEVS&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</MarketBeat
- DevvStream Reports BTC and SOL Reserves as Crypto-Treasury Program AcceleratesBusiness Wire