target

Devvstream Holdings

bidder

Focus Impact Acquisition Corp

Synopsis

DevvStream, a technology-based sustainability company, agreed to go public via a SPAC merger with Focus Impact Acquisition, a publicly traded special purpose acquisition company, in a $213m deal. “Entering into a definitive agreement to merge with Focus Impact is a significant step towards accelerating the growth of our differentiated technology-based approach to carbon markets. With the added financial strength, improved visibility and coverage, and improved access to capital markets, we believe we are well-positioned to execute on our current project portfolio and continue to advance our deep pipeline of opportunities towards development, with the goal of becoming the leader in technology-based solutions for carbon markets. Bringing new technology and enhanced transparency to the voluntary carbon markets should also help drive increased reliability, accountability and accessibility to the broader carbon markets, thus accelerating participation and driving a meaningful impact to reducing global carbon emissions,” Sunny Trinh, DevvStream CEO and Co-Founder.