---
title: "DevvStream Terminates Prior Merger Agreement With Southern After Fairness Opinions, No Liability"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286816327.md"
description: "DevvStream's merger agreement with Southern Energy Renewables has been automatically terminated after both parties received fairness opinions. The termination is effective without liability or ongoing obligations. Future transactions under the new Business Combination Agreement with XCF Global and Southern are subject to customary closing conditions and are not guaranteed to close."
datetime: "2026-05-18T20:33:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286816327.md)
  - [en](https://longbridge.com/en/news/286816327.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286816327.md)
---

# DevvStream Terminates Prior Merger Agreement With Southern After Fairness Opinions, No Liability

DevvStream said its prior Agreement and Plan of Merger with Southern Energy Renewables automatically terminated after both parties received required fairness opinions, as contemplated by the later Business Combination Agreement. The parties agreed the termination is effective without liability or ongoing obligations. Transactions under the newer BCA with XCF Global and Southern remain subject to customary closing conditions and are not assured to close.

**Agreement details:**

-   **Agreement terminated**: Agreement and Plan of Merger
-   **Counterparty**: Southern Energy Renewables
-   **Original agreement date**: Dec 03 2025
-   **Termination date**: May 18 2026
-   **Termination type**: mutual
-   **Exit fees / payments**: None
-   **Reason**: Automatic termination after fairness-opinion rights expired

Original SEC Filing: DevvStream Corp. \[ DEVS \] - 8-K - May. 18, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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