DevvStream Reaches Key Milestone Toward Nasdaq Listing
VANCOUVER, British Columbia, Oct. 24, 2023 (GLOBE NEWSWIRE) — DevvStream Holdings Inc. (“DevvStream” or the “Company”) (CBOE: DESG) (OTCQB:DSTRF) (FSE: CQ0), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, is pleased to provide a progress update since the execution of its business combination agreement (the “Business Combination Agreement”) for a business combination (the “Transaction” or the “Business Combination”) with Focus Impact Acquisition Corp. (“Focus Impact”) (NASDAQ:FIAC), which is expected to result in the securities of DevvStream being listed for trade on the Nasdaq Stock Market LLC (“Nasdaq”). The Transaction values DevvStream at an implied enterprise value of approximately $212.8 million, representing an equity value of C$2.16 per DevvStream subordinate voting share prior to closing.
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