8-K Impact 6/10 M&A

$DEVSF · DevvStream Legacy Corp.

October 22, 2026 · AI-analyzed SEC filing

View original filing on SEC.gov → All SEC filings →

Summary

DevvStream Corp. completed its three-step business combination with XCF Global, Inc., closing the DevvStream Merger on October 16, 2026. DevvStream first domesticated from Alberta to Delaware as DevvStream Legacy Corp. on October 14, 2026. Former DevvStream shareholders received 1.1919 XCF Global Common Shares per DevvStream share, totaling approximately 62.25 million XCF shares (~10.43% of the post-merger entity). DevvStream is now a direct wholly owned subsidiary of XCF, and its common shares ceased OTC trading under DEVSF; XCF shares trade on Nasdaq under SAFX.

Key points

DevvStream Alberta domesticated as a Delaware corporation on October 14, 2026, renamed DevvStream Legacy Corp.
DevvStream shareholders received 1.1919 XCF Global Common Shares per DevvStream share, totaling ~62.25M XCF shares (~10.43% of post-merger X
Southern Energy shareholders received ~119.4M XCF Global Common Shares (~20% of post-merger XCF).
Post-closing, XCF had approximately 596 million XCF Global Common Shares outstanding.
DevvStream common shares ceased OTC trading under DEVSF; XCF shares now trade on Nasdaq under SAFX.

Market impact

Price data unavailable.

Why this matters

DevvStream shareholders are now minority holders (~10.43%) in a Nasdaq-listed entity combining carbon credits with renewable fuels — a complete transformation of their investment.

Sector context

This three-way combination merges a carbon-credit platform (DevvStream) with a renewable fuels producer (Southern Energy) under XCF Global, reflecting continued consolidation in the energy transition space via SPAC-style reverse mergers.

Risk factors

Former DevvStream shareholders now hold only ~10.43% of the combined entity, with Southern Energy legacy holders at ~20% and XCF pre-merger holders retaining the majority stake — diluting DevvStream's influence. Related-party relationships among XCF directors and pre-combination entities are noted.

Related tickers

$SAFX $DEVSF

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