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Nasdaq-listed company DevvStream plans to raise US$300 million to build an online digital asset repository

According to online reports, DevvStream, a Nasdaq-listed carbon management company, announced that it has signed a securities purchase agreement and plans to raise US$300 million by issuing senior guaranteed convertible notes to establish a treasury of digital assets on the chain, with Cohen & Company Capital Markets acting as a placing agent. At the same time, the company also announced the launch of a sustainability-related infrastructure tokenization platform. It is reported that the first US$10 million financing transaction of this agreement has been completed, and the company will use 75% of its net proceeds to purchase liquid digital assets. Support its cryptocurrency reserves and tokenization of real-world assets.

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