XCF Global, Southern Energy Renewables and DevvStream Agree to Binding Term Sheet for Three-Party Merger [Yahoo! Finance]
DevvStream Corp. (DEVS)
Company Research
Source: Yahoo! Finance
industry through sustainable aviation fuel ("SAF"), and DevvStream Corp. (Nasdaq: DEVS) ("DevvStream"), a leading carbon management and environmental-asset monetization firm, today announced that they have agreed to a binding term sheet to combine Southern Energy Renewables Inc. ("Southern") (together, the "Parties") in a three-party merger. If the Parties are able to successfully negotiate a definitive agreement, the Parties believe the combined entity will form an integrated platform of complementary assets, with the opportunity to deploy a disciplined and proprietary environmental attribute and credit generation strategy across North America and emerging markets. The binding term sheet establishes a framework for collaboration and mutual understanding among the Parties. The proposed transaction is intended to reinforce the development of a low-carbon fuels platform designed to accelerate SAF via HEFA, e-methanol, e-methanol-to-jet fuel pathways, expand domestic production capac
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News
- Biomass-to-Jet SAF Projects Position Renewable Hydrocarbons as the Future of Aviation Fuel [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Biomass-to-Jet SAF Projects Position Renewable Hydrocarbons as the Future of Aviation FuelPR Newswire
- DevvStream, Southern, and Frontline BioEnergy to Advance Biomass-to-Jet Development and Environmental-Asset MonetizationBusiness Wire
- XCF Global, Southern Energy Renewables and DevvStream Agree to Binding Term Sheet for Three-Party MergerBusiness Wire
- DevvStream to Present at the Emerging Growth Conference on January 21, 2026Business Wire