DevvStream, a leading carbon management company focusing on developing, investing in, and selling environmental assets, announced today that it has signed a securities purchase agreement for the issuance of up to $300 million in senior secured convertible notes. This move supports its strategic goal to create a blockchain-based treasury and launch a tokenization platform for sustainability-linked infrastructure.
The agreement allows for the issuance of up to $300 million in Senior Notes with Helena Partners, with the offerings to be funded in multiple tranches. An initial funding of $10 million was completed on July 18, 2025.
Cohen & Company Capital Markets, a division of Cohen & Company Securities, is acting as the placement agent for DevvStream.
KEY QUOTE:
“This $300 million facility allows us to improve capital efficiency, reduce dilution, and bring global investors into the carbon ecosystem through a digital gateway. The combination of crypto reserves and real-world asset tokenization represents the next evolution of our capital strategy.”
Sunny Trinh, CEO of DevvStream
