Focus Impact Acquisition Corp. (NasdaqGM:FIAC) signed a non-binding letter of intent to acquire DevvStream Holdings Inc. (NEOE:DESG) from Devvio and others on July 13, 2023. Focus Impact Acquisition Corp. entered into an agreement to acquire DevvStream Holdings Inc. on September 12, 2023. As implied by the transaction terms, DevvStream is valued at $212.8 million. In relation to this transaction, DevvStream is seeking to undertake Bridge Financing for upto $7.5 million. Post-business combination DevvStream will be listed on Nasdaq. The Transaction is structured as an amalgamation of DevvStream into a wholly owned subsidiary of Focus Impact. Focus Impact will be renamed DevvStream Corp and continue the business of DevvStream following the amalgamation. It is a condition of the transaction that the securities of the Combined Company will be listed on the Nasdaq Stock Exchange, and the shares are expected to trade under the ticker symbol ?DEVS?. Completion of the Transaction is subject to, among other matters, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, applicable regulatory approvals and approval of the transaction by the board, the listing approval of NASDAQ and the effectiveness of the registration statement with the U.S. Securities and Exchange Commission and stockholders of both DevvStream and the Focus, approval by the Supreme Court of British Columbia. The transaction is expected to close on or before June 12, 2024.

Lauren M. Colasacco, Peter Seligson, Noah Allen, Jared Rusman and Sherry Xie, Matthew Wood and Paul Barker of Kirkland & Ellis acted as legal advisor to DevvStream and Focus Impact. Shai Kalansky, Omar Pringle, Brian Radigan, Joshua Lerner and Justin Salon of Morrison & Foerster acted as legal advisor to DevvStream Holdings. Cohen & Company Capital Markets, LLC acted as financial advisor to Focus Impact Acquisition. McMillan LLP acted as lega advisor to DevvStream Holdings. Stikeman Elliott LLP acted as legal advisor to Focus. Houlihan Capital, LLC acted as fairness opinion provider to Focus. Evans & Evans acted as fairness opinion provider to DevvStream.