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DevvStream (DEVS) Stock Jumps Over 19% In Pre-Market: What's Going On?
Benzinga·
DevvStream Corp. (NASDAQ:DEVS) surged 19.37% in pre-market trading to $0.55 after announcing a $6 million Series A Convertible Preferred Stock placement with EEME Energy SPV I, LLC. The company will invest $5 million in Southern Energy Renewables Inc. and use $1 million for working capital. Additionally, DevvStream terminated its equity line agreement with Helena Global Investment Opportunities I Ltd. to simplify its capital structure ahead of a planned business combination with XCF Global Inc., a sustainable aviation fuel producer.
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