Jul. 14 at 5:05 PM
$DEVS Here is a key quote from the May 13th PR..."Fayafi x DevvStream Green Ventures is expected to combine DevvStream's operational and technical expertise with Fayafi's capital resources, institutional network, and ESG-focused investment strategy. The platform would focus on identifying, funding, and scaling a pipeline of environmental projects across high-growth regions. Firm agreements are expected in Q2 2025, with initial project deployments targeted for Q3/Q4 2025. The initial funding commitment is expected to be
$100 million, with the potential to scale significantly based on project performance and capital deployment efficiency."
Yes, I realize that "expected in Q2 2025" is far from a guarantee. Still, with Q2 all but half expired when the PR was written, I would have "expected" that the deal was all but done given their decision to broadcast such a short turnaround time. Maybe it was all just hype to keep the SP from plunging before the inevitably RS. I say it will happen.
