M&A - Focus Impact Acquisition Corp.

Form Type: PRE 14C

Filing Date: 2025-06-13

Corporate Action: Acquisition

Type: New

Accession Number: 000114036125022445

Filing Summary: DevvStream Corp. has filed a PRE 14C Information Statement regarding the approval of the 'ELOC Issuance Proposal' by a majority of its shareholders, as required by Nasdaq Listing Rule 5635(d). This proposal facilitates the issuance of at least 20% of the company's outstanding Common Shares to Helena Global Investment Opportunities I Ltd. under a previously established equity line of credit agreement (ELOC Agreement) dated October 29, 2024. Shareholder consent for this issuance was obtained on June 12, 2025, effectively allowing for compliance with Nasdaq’s rules given that the shares will be issued at or above the minimum stock price thresholds set by the exchange. The document outlines the timeline for notifying shareholders and executing the first issuance under this approval, which is anticipated on July 14, 2025. It also emphasizes the dilutive effect of these share issuances on existing shareholders' ownership and voting power, stating the approvals obtained and the need for such a proposal in accordance with compliance requirements.