DevvStream Corp. postponed its special Shareholder meeting from September 10 to September 17, keeping the proposed combination with XCF Global and Southern Energy before shareholders. The virtual vote matters because approval is among the conditions tied to completing the transaction.

Key Highlights

  • Additional preparation time prompted the postponement of DevvStream’s special shareholder meeting.
  • The meeting will remain virtual and begin at 10:00 a.m. Eastern Time.
  • XCF Global’s separate special meeting is scheduled for September 24.

The proposed transaction is governed by a Business combination agreement dated April 13, 2026, involving XCF Global, DevvStream and Southern Energy. DevvStream’s meeting will continue online, while XCF Global’s separate special meeting has been rescheduled for September 24. A definitive joint proxy statement and prospectus dated July 31 was mailed to DevvStream shareholders who held shares as of the July 29 record date. The materials describe the proposed combination and related interests.

Closing Remains Subject to Conditions

Shareholder approval is part of the conditions connected with completing the proposed business combination. The agreement is binding on the parties, but it does not require them to complete the transaction, and it can be terminated under its terms. The transaction remains subject to closing conditions that may be satisfied or waived. Risks identified include Southern Energy’s ability to obtain authorization for up to $400 million of bonds and XCF Global’s ability to regain compliance with Nasdaq’s $1.00 minimum bid price requirement.