Devvstream to acquire 50% equity stake in carbon sequestration hub facility

Transaction to be funded with devvstream shares facility currently capable of storing an estimated 260 mmt of co2 company will partner with monroe sequestration partners to generate both federal tax credits and voluntary offset credits vancouver, british columbia--(newsfile corp. - october 15, 2024) - devvstream holdings inc. (cboe: desg) (otcqb: dstrf) (fse: cq0) ("devvstream" or the "company"), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, and monroe sequestration partners llc ("msp"), a subsidiary of crestmont investments llc ("crestmont"), today announced the signing of an mou whereby devvstream will acquire a 50% equity stake in msp and its carbon sequestration operations. in exchange for the 50% equity stake in the facility, devvstream will issue 2 million newly authorized shares of common stock for the public company ("newco") resulting from its proposed business combination with focus impact (the "business combination") to msp.
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