DevvStream Holdings today announced it signed a non-binding letter of intent for a business combination . Terms provide that a SPAC, whcih was not named, will acquire DevvStream.

The SPAC is currently listed on the nasdaq, and it would be a condition of closing in the definitive agreement that the post-business combination company will be Nasdaq listed.

Based in Vancouver, DevvStream is a technology-based esg company that advances the development and monetization of environmental assets, with an initial focus on carbon markets. 

DevvStream said it expects to announce additional details regarding the proposed business combination when a definitive agreement is executed. Read more.

Source: DevvStream Signs LOI to Pursue Combination with Unnamed SPAC