{"url_path":"/sec/devs/10-q/2026/item-3","section_key":"item-3","section_title":"Item 3 Defaults Upon Senior Securities","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-06-15","source_url":"https://www.sec.gov/Archives/edgar/data/1854480/0001140361-26-025221-index.html","accession_number":"0001140361-26-025221","cik":"0001854480","ticker":"DEVS","issuer_name":"DevvStream Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1854480/0001140361-26-025221-index.html","primary_entity_key":"0001854480","primary_entity_name":"DevvStream Corp."},"word_count":184,"has_tables":true,"body_markdown":"Item 3.\n\nDefaults Upon Senior Securities\n\n \n\nOn May 28, 2026, Helena Global Investment Opportunities 1 Ltd. (\"Helena\"), the holder of the Company’s senior secured Convertible Promissory Note (the \"Note\"), delivered a Notice of Exclusive Control to the Company’s digital-asset custodian and asserted that an Event of Default had occurred under the Note, claiming a mandatory default amount of approximately $4.5 million. The Company disputed certain components of the asserted amount. On June 8, 2026, the Company and Helena entered into a Settlement Agreement and Mutual Release resolving all disputes relating to the Note. Under the settlement, the pledged digital-asset collateral (which was not liquidated and remains held at the custodian under Helena’s control) was credited against the Note at an agreed value of $2,600,000, the remaining principal balance of the Note was fixed at $1,000,000, and Helena delivered its irrevocable consent to the Company’s proposed business combination with XCF Global, Inc. and a permanent waiver of its related termination right. See Note 19, \"Subsequent Events,\" to the condensed consolidated interim financial statements and the Company’s Current Report on Form 8-K filed June 8, 2026."}