SAN DIEGO, CA / ACCESSWIRE / July 13, 2023 / DevvStream (NEO:DESG), a leader in the carbon credit sector, has announced a non-binding letter of intent to merge with a NASDAQ-listed Special Purpose Acquisition Corporation (SPAC). If the business combination is completed, it would make DevvStream the first pure-play carbon credit generator listed on the NASDAQ.

Sunny Trinh, CEO of DevvStream stated: 'Pursuing a NASDAQ listing has always been a long-term objective of ours as a publicly traded company. We believe this Transaction will increase DevvStream's visibility in the marketplace, provide heightened access to capital, improve liquidity and diversify our shareholder base.'

DevvStream is a technology-based ESG company that advances the development and monetization of environmental assets, with an initial focus on carbon markets.

The company employs the same proven business model as many of the world's largest streaming and royalty companies, while using the most technologically advanced blockchain platform and the largest environmental credit exchange. The company gains access to carbon credit rights ranging from 10 to 30 years, putting the company in a position to capitalize on the expected future demand increase in offsets.

DevvStream works with governments and corporations worldwide to achieve their sustainability goals through the implementation of curated green technology projects that generate renewable energy, improve energy efficiencies, eliminate or reduce emissions, and sequester carbon directly from the air-creating carbon credits in the process.

Shares of DevvStream currently trade on the NEO exchange under the ticker symbol DESG. For more information visit www.devvstream.com.

Source: https://greenstocknews.com/newswire/devvstream-desg-to-pursue-spac-listing-to-become-first-pure-carbon-credit-public-company

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SOURCE: DevvStream