4//SEC Filing
THORN WRAY T 4
Accession 0001140361-24-047094
CIK 0001854480other
Filed
Nov 14, 7:00 PM ET
Accepted
Nov 15, 5:59 PM ET
Size
6.3 KB
Accession
0001140361-24-047094
Insider Transaction Report
Form 4
DevvStream Corp.DEVS
THORN WRAY T
Chief Investment Officer
Transactions
- Award
Convertible notes
2024-11-13(indirect: See Footnote)From: 2024-11-13Exp: 2026-11-13→ Common shares
Footnotes (2)
- [F1]On November 13, 2024, the issuer agreed to cancel and convert (A) $345,000 of accrued and unpaid of fees under the administrative services agreement, dated October 27, 2021, by and between the issuer (as the successor of FIAC) and Focus Impact Sponsor, LLC, into $345,000 of new 5.3% convertible notes issued to Focus Impact Partners, LLC ("Focus Partners") on November 13, 2024 with a maturity date that is 2 years from November 13, 2024 (the "New Convertible Notes"); and (B) $637,150 of convertible notes of DevvStream Holdings Inc. held by Focus Partners into $637,150 of New Convertible Notes that were issued to Focus Partners on November 13, 2024. The $982,150 principal loan amount and any accrued and unpaid interest under the Convertible Notes are convertible into common shares of the issuer at a 25% discount to the issuer's 20-day volume weighted average price, subject to a floor of $0.867 per share.
- [F2]The New Convertible Notes are held by Focus Partners, which is controlled by Carl Stanton and the reporting person.
Documents
Issuer
DevvStream Corp.
CIK 0001854480
Entity typeother
Related Parties
1- filerCIK 0001183805
Filing Metadata
- Form type
- 4
- Filed
- Nov 14, 7:00 PM ET
- Accepted
- Nov 15, 5:59 PM ET
- Size
- 6.3 KB