DevvStream Provides Corporate Update Outlining Accelerated Development of Market-Leading Carbon Credit Platform - Seite 2

COP28 Engagement

DevvStream representatives recently traveled to Dubai, United Arab Emirates to participate in the 28th Conference of the Parties (“COP28”) to the United Nations Framework Convention on Climate Change. DevvStream leaders presented at and led a number of panel and roundtable events, at venues ranging from the COP28 Blue Zone and the YOUNGA COP28 pavilion to the CC Forum: Global Investment in Sustainable Development, for discussions of the current and future state of carbon markets.

Form S-4 Filing

As previously announced on September 13, 2023, DevvStream entered a definitive business combination agreement with Focus Impact Acquisition Corp (“Focus Impact”). On December 11, 2023, DevvStream announced the filing of a registration statement on Form S-4 with the U.S. Securities and Exchange Commission, which contains a preliminary proxy statement/prospectus in connection with the proposed business combination between DevvStream and Focus Impact (the “Business Combination”). Upon closing, the Business Combination is expected to result in DevvStream being the first publicly traded carbon credit company on a major U.S. stock exchange.

About DevvStream

Founded in 2021, DevvStream is a leading authority in the use of technology in carbon project development. The Company’s mission is to create alignment between sustainability and profitability, helping organizations achieve their climate initiatives while directly improving their financial health. With a pipeline of over 140 technology-based projects worldwide, DevvStream makes it simple for corporations and governments to address their net-zero goals while generating premium carbon credits in the process. DevvStream takes a programmatic approach to evaluating project opportunities, and co-develops projects spanning energy-efficient buildings, facilities and homes, industrial facilities, LED systems, EV charging stations, and technologies to seal oil wells. The Company’s end-to-end proprietary solution removes the risk and complexity from every step, allowing organizations to move from project ideation to credit monetization with ease. The result is a multi-year stream of carbon credit revenue that transforms sustainability into a financial investment. In addition, for organizations that need help to offset their most difficult-to-reduce emissions, we also provide premium carbon credits for purchase.