CALGARY, Alberta – (PRWire) – DevvStream Corp. (Nasdaq: DEVS), a leading carbon credit and environmental asset management firm, has announced the successful closing of an initial $10 million tranche as part of a broader $300 million securities purchase agreement. The funding will support the company’s bold strategy to combine blockchain-based finance with sustainability infrastructure.
Under this agreement with Helena Partners, DevvStream will issue up to $300 million in senior secured convertible notes (“Senior Notes”) across multiple tranches. The first $10 million was secured on July 18, 2025, marking a key milestone in the company’s digital asset-backed expansion plan.
Strategic Highlights:
- Digital Asset Allocation: DevvStream will invest 75% of the net proceeds (70% from the initial tranche) into highly liquid digital assets. These assets are intended to serve as 24/7 liquid, non-correlated stores of value and may be leveraged as collateral for future credit facilities.
- Tokenization Platform: The funding accelerates the company’s goal to launch a tokenization platform dedicated to sustainability-linked infrastructure, aligning with its mission to make environmental investments more accessible to global investors.
- Environmental Asset Innovation: DevvStream is also exploring the tokenization of its existing portfolio of environmental assets, with further updates expected as the platform scales.
- Revenue Diversification: The company aims to diversify its revenue through crypto-based yield generation such as staking, while reducing dependence on traditional equity financing by enabling crypto-collateralized credit options.
- Note Conversion Terms: The Senior Notes are convertible into common shares at a price equal to 200% of the stock’s closing price prior to the funding date, subject to adjustments outlined in the agreement.
“This $300 million facility allows us to improve capital efficiency, reduce dilution, and bring global investors into the carbon ecosystem through a digital gateway,” said Sunny Trinh, CEO of DevvStream. “The combination of crypto reserves and real-world asset tokenization represents the next evolution of our capital strategy.”
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, acted as the exclusive placement agent for DevvStream.