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Focus Impact Acquisition Corp. and DevvStream Announce Effectiveness of Registration Statement for Proposed Business Combination

Focus Impact Acquisition Corp. and DevvStream Announce Effectiveness of Registration Statement for Proposed Business Combination

Focus Impact Acquisition Corp.和DevvStream宣布拟议业务组合注册声明的有效性
newsfile ·  07/31 07:30

Transaction is expected to result in DevvStream becoming the first publicly traded carbon company on a major U.S. stock exchange

交易预计将使DevvStream成为美国主要股票交易所上市的第一家公开交易的碳公司。

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2024) - Focus Impact Acquisition Corp. (NASDAQ: FIAC) ("Focus Impact"), a special purpose acquisition company, and DevvStream Holdings Inc. (CBOE: DESG) (OTCQB: DSTRF) (FSE: CQ0) ("DevvStream" or the "Company"), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, today announced that the U.S. Securities and Exchange Commission (the "SEC") has declared effective the Registration Statement on Form S-4, as amended (the "Registration Statement"), which was filed in connection with the previously announced proposed business combination between the two companies (the "Business Combination").

加拿大不列颠哥伦比亚省 - (Newsfile Corp. - 2024年7月31日) - FOCUS IMPACT ACQUISITION CORP.(纳斯达克股票代码: FIAC) ("Focus Impact")是一家特殊目的收购公司,而DevvStream Holdings Inc. (CBOE: DESG) (OTCQB: DSTRF)(FSE: CQ0)("DevvStream")是一家专注于技术解决方案的领先碳排放项目共同开发和发电公司,在碳信用方面拥有卓越的专业化。今天宣布美国证券交易委员会(the "SEC")已批准提交的S-4表格,该表格已在两个公司之间的提议业务组合(“Business Combination”)的联系中得到修改,前提是满足或放弃有关结束Business Combination的条件,包括FIAC和DevvStream的股东的同意,以及英属哥伦比亚省最高法院的批准。当条件源源不断地满足后,双方预计Business Combination将在不久之后结束,随后,合并后的公司的普通股和认股权证将在纳斯达克股票市场上交易,标的为“DEVS”和“DEVSW”相应地。

Assuming satisfaction or waiver of the conditions related to the closing of the Business Combination, including approval of the Business Combination by FIAC's and DevvStream's shareholders, as well as approval of the Supreme Court of British Columbia, the parties anticipate that the Business Combination will close and the combined company's common shares and warrants will commence trading on the Nasdaq Stock Market LLC ("Nasdaq") under the tickers "DEVS" and "DEVSW," respectively, shortly thereafter.

假设与Business Combination结束有关的条件得到满足或豁免,包括FIAC和DevvStream的股东对Business Combination的批准,以及英属哥伦比亚省最高法院的批准,双方预计Business Combination将在不久之后结束,随后,合并后的公司的普通股和认股权证将在纳斯达克股票市场上交易,标的为“DEVS”和“DEVSW”相应地。

The Company intends to announce additional information in the coming days, including information related to the scheduling of a shareholder vote.

公司打算在未来几天公布更多信息,包括与股东投票的安排相关的信息。

"We are pleased to have reached this important milestone on our journey to becoming the first publicly traded carbon streaming company on a major U.S. stock exchange," said Sunny Trinh, CEO of DevvStream. "Voluntary and Compliance Carbon Markets present a tremendous opportunity for public and private organizations alike to efficiently achieve decarbonization goals, and we have barely scratched the surface of that potential. We believe this transaction will enable us to provide investors with a stable, long-term return on their investment while meeting the strong and growing demand for high-quality, reliable, and transparent carbon credits."

"我们很高兴达到了这个重要的里程碑,成为美国主要股票交易所上市的第一家公开交易的碳流公司的旅程",DevvStream的首席执行官Sunny Trinh说。"自愿和合规碳市场为公共和私人组织提供了实现脱碳目标的极好机会,我们只是挖掘了其潜力。我们相信,此次交易将使我们能够为投资者提供稳定、长期的投资回报,并满足对高质量、可靠、透明的碳信用的强烈和不断增长的需求"。

"This is an exciting and critical milestone for the Business Combination," said Carl Stanton, CEO of Focus Impact. "We began this process with the belief that the technical expertise and deep market knowledge of the DevvStream team distinguishes them as the best positioned company to capitalize on the need for high-quality carbon credits in a market that has been traditionally underserved by existing developers, and we appreciate the steadfast support of our investors throughout this process."

"对于Business Combination而言,这是一个令人兴奋且关键的里程碑",Focus Impact的首席执行官Carl Stanton说。"我们开始认为DevvStream团队的技术专业知识和深入的市场知识使他们成为最有地位的公司,以利用一直以来传统的开发商在高质量碳信用的需求上发挥作用,我们感激投资者在整个过程中的坚定支持。"

About Focus Impact Acquisition Corp.

关于Focus Impact Acquisition Corp。

Focus Impact Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

FOCUS IMPACT ACQUISITION CORP.是一家空白支付公司,成立的目的是通过合并、股份资本交换、资产收购、股份购买、重组或类似的业务组合与一个或多个企业合并。

About DevvStream

关于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.

创建于2021年的DevvStream是碳项目开发技术方面的领先权威。公司的使命是在可持续性和盈利之间创建一种平衡,帮助各组织在直接改善其财务状况的同时实现其气候倡议。拥有全球超过140个基于技术的项目管道,DevvStream使企业和政府简单地解决净零目标,并在此过程中产生优质碳信用。DevvStream采用编程方法来评估项目机会,并共同开发跨足能源高效建筑、设施和住宅、工业设施、LED系统、EV充电站和封堵油井的项目。公司的端到端专有解决方案消除了每一步的风险和复杂性,使企业能够从项目构思到信用变现轻松顺畅。结果是一个多年的碳信用收入流,将可持续性转化为金融投资。此外,对于需要帮助消减难以减少的排放的组织,我们还提供优质的碳信用以供购买。

On September 13, 2023, DevvStream and Focus Impact Acquisition Corp (NASDAQ: FIAC) ("Focus Impact") announced that they have entered into a definitive business combination agreement for a business combination that would result in the combined company (DevvStream) to be listed on Nasdaq under the ticker symbol "DEVS". 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.

2023年9月13日,DevvStream和Focus Impact Acquisition Corp (NASDAQ: FIAC) ("Focus Impact")宣布签署了一项明确的业务组合协议,将使合并后的公司(DevvStream)在Nasdaq上市,股票代码为"DEVS"。2023年12月11日,DevvStream宣布提交了一份S-4表格的注册声明,其中包括关于DevvStream和Focus Impact提议的业务组合的初步代理人声明/招股说明书 (the "Business Combination")。在交易结束之后,DevvStream有望成为美国主要股票交易所上市的第一家公开流碳信用公司。

Disclaimer

免责声明

Certain statements in this news release may be considered forward-looking statements. Forward-looking statements are statements that are not historical facts and generally relate to future events or Focus Impact's or DevvStream's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements, including, without limitation, Focus Impact's, DevvStream's and the combined company's expectations with respect to future performance and anticipated financial impacts of the proposed transaction, the satisfaction of the closing conditions to the Business Combination and the timing of the completion of the proposed transaction, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Focus Impact and its management, and DevvStream and its management, as the case may be, are inherently uncertain and subject to material change. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any subsequent definitive agreements with respect to the proposed transaction; (2) the outcome of any legal proceedings that may be instituted against Focus Impact, DevvStream, the combined company or others; (3) the inability to complete the proposed transaction due to the failure to obtain approval of the stockholders of Focus Impact and DevvStream or to satisfy other conditions to closing; (4) changes to the proposed structure of the proposed transaction that may be required or appropriate as a result of applicable laws or regulations; (5) the ability to meet Nasdaq's or another stock exchange's listing standards following the consummation of the proposed transaction; (6) the risk that the proposed transaction disrupts current plans and operations of Focus Impact or DevvStream as a result of the announcement and consummation of the proposed transaction; (7) the ability to recognize the anticipated benefits of the proposed transactions, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and retain its management and key employees; (8) costs related to the proposed transaction; (9) changes in applicable laws or regulations; (10) the possibility that Focus Impact, DevvStream or the combined company may be adversely affected by other economic, business, and/or competitive factors; (11) Focus Impact's estimates of expenses and profitability and underlying assumptions with respect to stockholder redemptions and purchase price and other adjustments; (12) various factors beyond management's control, including general economic conditions and other risks, uncertainties and factors set forth in the section entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Registration Statement on Form S-4 that includes a proxy statement and prospectus of Focus Impact (as amended, the "proxy statement/prospectus"), first filed with the SEC on December 4, 2023, as amended from time to time, and other filings with the SEC; and (13) certain other risks identified and discussed in DevvStream's Annual Information Form for the year ended July 31, 2023, and DevvStream's other public filings with Canadian securities regulatory authorities, available on DevvStream's profile on SEDAR at .

此新闻稿中的某些声明可能被视为前瞻性声明。前瞻性声明是指非历史事实的声明,通常与未来事件或Focus Impact或DevvStream未来的财务或其他业绩度相关联。在某些情况下,您可以通过诸如“可能”、“应该”、“期望”、“意图”、“将”、“估计”、“预测”、“潜在”或“继续”的术语,或这些术语的否定形式或它们的变体或类似的术语来识别前瞻性声明。这些前瞻性声明,包括但不限于Focus Impact、DevvStream和合并后公司的业绩表现和拟议交易的预期财务影响、满足Business Combination结束的关闭条件和拟议交易完成的时间的预期,都面临着风险和不确定性,这可能会导致实际结果与这些前瞻性声明所表达或暗示的结果有所不同。这些前瞻性声明基于估计值和假设,虽然由Focus Impact及其管理层、DevvStream及其管理层认为是合理的,但本质上是不确定的,而且可能会发生重大变化。从时间到时间会出现新的风险和不确定性,并且无法预测所有风险和不确定性。导致实际结果与当前预期有所不同的因素包括但不限于:(1)可能发生的任何事件、变化或其他情况,这些情况可能导致终止与拟议交易有关的谈判和任何后续的有关拟议交易的明确协议;(2)可能发生的可能针对Focus Impact、DevvStream、合并后公司或其他方而提起的任何法律诉讼的结果;(3)无法结束拟议交易,是因为无法获得Focus Impact和DevvStream股东的批准或无法满足其他关闭条件;(4)拟议交易可能需要或适当的拟议交易结构的更改,这是由适用法律或法规所要求或适当的;(5)完成拟议交易后能否满足Nasdaq或其他股票交易所的上市标准;(6)拟议交易会让Focus Impact或DevvStream的现有计划和运营受到干扰,这是由于公告和完成拟议交易而造成的;(7)可以认识到拟议交易的预期好处,这可以受到诸如竞争力、合并后公司持续盈利增长能力、与客户保持关系以及保持其管理和关键雇员等因素的影响;(8)与拟议交易有关的成本;(9)适用法律或法规的变化;(10)Focus Impact、DevvStream或合并后公司可能会受到其他经济、商业或竞争因素的不利影响;(11)与Focus Impact估计的支出和盈利能力以及与股东赎回和购买价格及其他调整有关的基本假设有关的各种因素;(12)各种管理层无法控制的因素,包括一般经济状况和风险、不确定性和因素,在商业组合招股说明书/招股说明书中的“风险因素”和“关于前瞻性声明的警示”部分中列出,该说明书于2023年12月4日首次提交给SEC,并不时进行修订,以及其他与SEC的备案报告;以及(13)DevvStream关于年度信息表的某些其他风险,截至2023年7月31日停在待决项目之列,以及DevvStream在加拿大证券监管机构的其他公开备案,可以在DevvStream在《SEDAR》上的简介中找到。

These forward-looking statements are expressed in good faith, and Focus Impact, DevvStream and the combined company believe there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and none of Focus Impact, DevvStream or the combined company is under any obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports, which Focus Impact has filed or will file from time to time with the SEC and DevvStream's public filings with Canadian securities regulatory authorities. This news release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Focus Impact or DevvStream and is not intended to form the basis of an investment decision in Focus Impact or DevvStream. All subsequent written and oral forward-looking statements concerning Focus Impact and DevvStream, the proposed transaction or other matters and attributable to Focus Impact and DevvStream or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.

这些前瞻性声明是以善意表达的,Focus Impact、DevvStream和合并后的公司认为有合理的基础。然而,不能保证这些前瞻性声明所涉及的事件、结果或趋势将发生或实现。前瞻性声明仅在其发布日期时有效,并且Focus Impact、DevvStream或合并后的公司不承担任何更新、更改或修订前瞻性声明的义务,包括根据新信息、未来事件或其他方面的义务,除非法律要求。读者应仔细阅读Focus Impact向美国证券交易委员会提交或将提交的文件,以及DevvStream向加拿大证券监管机构提交的公开文件中列出的声明。本新闻发布并不意味着它涵盖了所有信息,亦并不意味着它包含了的所有信息均为考虑投资于Focus Impact或DevvStream的决策基础。凡涉及Focus Impact和DevvStream、拟议交易或其他事项的任何后续书面或口头的前瞻性声明,均明确地全部受到上述谨慎声明的限制。

Additional Information and Where to Find It

附加信息及查阅方式

In connection with the Business Combination, Focus Impact and DevvStream have prepared, and Focus Impact has filed with the SEC, the Registration Statement containing the proxy statement/prospectus with respect to the combined company's securities to be issued in connection with the Business Combination, a proxy statement with respect to the stockholders' meeting of Focus Impact to vote on the Business Combination and certain other related documents. Investors, securityholders and other interested persons are urged to read the preliminary proxy statement/prospectus in connection with Focus Impact's solicitation of proxies for its special meeting of stockholders to be held to approve the Business Combination (and related matters) and general amendments thereto and the definitive proxy statement/prospectus, when available, because the proxy statement/prospectus contains important information about Focus Impact, DevvStream and the Business Combination. Focus Impact will mail the definitive proxy statement/prospectus and other relevant documents to its stockholders as of a record date to be established for voting on the Business Combination. This communication is not a substitute for the Registration Statement, the definitive proxy statement/prospectus or any other document that Focus Impact will send to its stockholders in connection with the Business Combination. Copies of the Registration Statement, including the definitive proxy statement/prospectus and other documents filed by Focus Impact or DevvStream with the SEC, may be obtained, free of charge, by directing a request to Focus Impact Acquisition Corp., 250 Park Avenue, Suite 911, New York, New York 10177. The preliminary and definitive proxy statement/prospectus to be included in the Registration Statement, once available, can also be obtained, without charge, at the SEC's website (www.sec.gov). Additional details relating to the proposed Business Combination will also be available in the management information circular to be provided to shareholders of DevvStream to seek approval of the proposed Business Combination. Once mailed to the shareholders of DevvStream it will also be filed under DevvStream's profile on SEDAR at .

有关业务合并,Focus Impact和DevvStream已制定并向美国证券交易委员会提交了《注册声明书》,其中包含有关发行合并公司证券的代理表决/招股说明书,以及关于Focus Impact的股东大会上将就业务合并(及相关事宜)进行投票的代理表决书,以及某些其他相关文件。投资者、证券持有人和其他有兴趣方被敦促阅读关于Focus Impact向其特别股东大会征集代理以批准业务合并(及相关事项)和一般性修改的初步代理表决/招股说明书以及决定性代理表决书/招股说明书,因为该代理表决/招股说明书包含有关Focus Impact、DevvStream和业务合并的重要信息。Focus Impact将向其股东邮寄最终代理表决/招股说明书和其他相关文件,以确定就业务合并进行投票的登记日。本通信并不替代《注册声明书》,决定性代理表决/招股说明书或Focus Impact将在与业务合并有关的所有文件,这些文件将发送给Focus Impact的股东。可以免费通过向Focus Impact Acquisition Corp.,250 Park Avenue,Suite 911,New York,New York 10177的请求获得Focus Impact或DevvStream向美国证券交易委员会提交的《注册声明书》以及其他文件的副本。一旦可用,将在不收费的情况下获得包含在《注册声明书》中的初步和决定性代理表决/招股说明书,也可在美国证券交易委员会(www.sec.gov)的网站上获得。关于拟议业务合并的其他细节也将在管理信息循环中提供给DevvStream股东,以寻求拟议业务合并的批准。一旦邮寄给DevvStream的股东,它还将在SEDAR的DevvStream档案下进行备案。

Participants in the Solicitation

招标人

Focus Impact and its directors, executive officers, other members of management, and employees, may be deemed to be participants in the solicitation of proxies of Focus Impact's stockholders in connection with the Business Combination under SEC rules. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Focus Impact's stockholders in connection with the Business Combination is available in the Registration Statement and the proxy statement/prospectus included therein. To the extent that holdings of Focus Impact's securities have changed since the amounts printed in Focus Impact's registration statement on Form S-1 relating to its initial public offering, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Investors and security holders may obtain more detailed information regarding the names and interests in the Business Combination of Focus Impact's directors and officers in Focus Impact's filings with the SEC and in the Registration Statement, which includes the proxy statement/prospectus of Focus Impact for the Business Combination.

Focus Impact及其董事、高管、其他管理人员及员工可能被视为根据美国证券交易委员会规则参与征集Focus Impact股东代理,涉及业务组合。根据美国证券交易委员会规则,关于参与Focus Impact股东代理征集行动的人员的信息在注册声明书和包含在其中的代理表决/招股说明书中可供获得。在自Focus Impact的首次公开招股声明Form S-1,有关其证券持有量的持股自变表变革时,自变表员工持股的变化已在提交给美国证券交易委员会的Form 4持股变化表中得到反映。投资者和证券持有人可以在Focus Impact在美国证券交易委员会的提交文件以及《注册声明书》中获得更详细的有关Focus Impact的董事和高管在Focus Impact的业务组合中的名字和利益的信息,其中包括Focus Impact商业组合的代理表决/招股说明书。

DevvStream and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of Focus Impact in connection with the Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the Business Combination are included in the proxy statement/prospectus of Focus Impact for the Business Combination. You may obtain free copies of these documents as described above.

DevvStream及其董事和高管可能也被视为在业务合并中征集Focus Impact股东代理的参与者。有关这些董事和高管的姓名和他们在业务合并中的利益的信息包含在Focus Impact的业务组合代理表决/招股说明书中。您可以按照上述方式免费获取这些文件的抄本。

No Offer or Solicitation

无要约或征集

This news release is for informational purposes only and does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the transactions described herein. This news release shall also not constitute an offer to sell or the solicitation of an offer to buy the securities of Focus Impact, DevvStream or the combined company following consummation of the Business Combination, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

本新闻发布仅用于信息目的,并不构成就此处所述交易的任何证券或相应的代表进行代理、同意或授权的征求。本新闻发布也不构成出售或要约出售Focus Impact、DevvStream或合并后的公司证券的要约,也不构成在任何州或司法管辖区出售证券的要约、征询或出售将违反任何此类管辖区的证券法的前提条件。除符合1933年修正版证券法第10节要求的招股说明书或其中的豁免以外,不得以任何其他方式发行证券。

On Behalf of the Board of Directors,
Sunny Trinh, CEO

董事会代表 Novo Resources Corp.
Sunny Trinh,首席执行官

DevvStream Media & Investor Contacts
DevvStream@icrinc.com
info@fcir.ca
Phone: (332) 242-4316

DevvStream媒体及投资者联系方式
DevvStream@icrinc.com
416-543-3120
电话:(332)242-4316

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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