DevvStream and Southern Announce Plans to Combine and Form Nasdaq-Listed Company
DevvStream and Southern plan to merge and form a Nasdaq-listed company focused on producing sustainable aviation fuel and green methanol. The merger involves Sierra Merger Sub, Inc. and requires remaining approvals and a successful bond issuance. The structure aims to provide non-recourse financing while protecting equity value. Final bond terms depend on market conditions and further approvals.
DevvStream and Southern are moving forward with their previously announced plan to combine operations and create a new U.S.-domiciled, Nasdaq-listed company. The new entity will focus on producing low-cost, carbon-negative sustainable aviation fuel and green methanol from domestic biomass, incorporating integrated carbon capture and environmental-asset capabilities. The transaction, which also involves Sierra Merger Sub, Inc., remains subject to remaining approvals and a successful bond issuance. According to Carl Stanton, Chairman of DevvStream, the structure provides a potential non-recourse financing path to support scale while protecting equity value. Final terms of related revenue bonds will be determined based on market conditions and further approvals. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DevvStream Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-044330), on December 04, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
