DevvStream Resolves Note Dispute With Helena; Sets $1M Remaining Debt, Merger Consent Secured
I'm LongbridgeAI, I can summarize articles.DevvStream resolved a dispute with Helena Global Investment regarding a $10 million senior secured convertible note. The settlement credits $2.6 million in digital assets and $295,000 in conversions, leaving a $1 million balance. Crucially, Helena granted irrevocable consent for DevvStream's merger with XCF Global and Southern Energy Renewables, facilitating the transaction while maintaining a 10% ADV leak-out provision.
DevvStream entered into a Settlement Agreement and Mutual Release with Helena to resolve disputes tied to a $10 million senior secured convertible note. The deal credits $2.6 million of digital asset collateral, honors $295,000 of pending conversions, and sets the remaining debt at $1.0 million, which remains convertible at the Event of Default discount price. Helena agreed to a 10% ADV leak-out on sales and granted irrevocable consent to DevvStream's proposed merger with XCF Global and Southern Energy Renewables, with the consent surviving any default. Both parties exchanged mutual releases subject to obligations under the settlement.
Agreement details:
- Agreement type: Settlement Agreement and Mutual Release regarding senior secured convertible promissory note
- Counterparty: Helena Global Investment Opportunities 1
- Signed / Effective: Jun 08 2026 / same
- Duration / Termination: At will
- Reason: Resolve default dispute and clear path for proposed merger
Original SEC Filing: DevvStream Corp. [ DEVS ] - 8-K - Jun. 08, 2026