DevvStream Corp., a leader in carbon management, has announced a significant debt offering involving the issuance of up to $300 million in senior secured convertible notes. The offering, conducted through a securities purchase agreement with Helena Partners, will be funded in multiple tranches, with an initial $10 million tranche completed on July 18, 2025. The notes can be converted into the company's common shares at a conversion price set at 200% of the closing price prior to the closing date, with potential adjustments as stipulated in the notes. This strategic move aims to bolster DevvStream's blockchain-based treasury and tokenization platform for sustainability-linked infrastructure, marking a crucial step in its capital strategy to enhance global investor participation in the carbon ecosystem.
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