DevvStream Holdings Inc. and OK2Charge, announced an agreement (the "Agreement") to leverage OK2Charge's network of EV charging stations for carbon credit generation. This Agreement will establish a new revenue stream for OK2Charge, enabling further expansion of the company's growing EV charging infrastructure, while building upon DevvStream's rapidly expanding Electric Vehicle Charging Carbon Offset Program ("EVCCOP"). By encouraging increased EV charging and usage, which in turn displaces internal combustion vehicles on the roadways, OK2Charge's operations seek to significantly reduce greenhouse gas emissions while generating high volumes of carbon credits to help fund network expansion efforts. By participating in DevvStream's EVCCOP, partners receive a majority of the net revenues generated by the sale of carbon credits on an annual basis, reflecting the emission reductions (measured in tonnes of CO2e) generated by their chargers, with DevvStream in turn retaining a portion of the carbon credits generated in exchange for services related to the development and monetization of carbon credits from EV charging stations. In addition, as part of its continuing efforts to increase the Company's visibility in Europe, DevvStream has entered into a six-month marketing agreement with Scandinavian Alliance, a full-service consultancy
focused on the promotion of green energy companies in Norway, Sweden, Denmark, Finland, and other nations in northern Europe. Remuneration is expected to be provided via issuance of shares of common stock, following the finalization of the Company's contemplated business combination with Focus Impact Acquisition Corp.