DevvStream terminates $300M equity line of credit with Helena Global

Filed June 3, 2026 · Period ending June 3, 2026 · ~1 min read

Key Changes

• high

  DevvStream voluntarily ended its equity financing agreement with Helena Global that allowed the company to raise up to $300 million by selling common shares on an as-needed basis. This significant funding source is no longer available.

  Item 1.02 verify on EDGAR →
• high

  The terminated agreement, originally signed in October 2024, gave DevvStream flexible access to capital by selling shares to Helena whenever needed, subject to agreement conditions.

  8-K: ELOC terms verify on EDGAR →
• medium

  Under the now-defunct deal, Helena would have purchased shares at the lowest intraday price during a three-day window after receiving shares, a mechanism that could have diluted existing shareholders.

  8-K: Pricing terms verify on EDGAR →