Nasdaq listed company DevvStream plans to raise $300 million to establish an on chain digital asset treasury

According to Golden Finance, DevvStream, a carbon management company listed on NASDAQ, announced that it has signed a securities purchase agreement to raise $300 million through the issuance of senior secured convertible notes to establish an on chain digital asset treasury, with Cohen&Company Capital Markets serving as the placement agent. At the same time, the company also announced the launch of a sustainable development related infrastructure tokenization platform. It is reported that the first $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 to support its cryptocurrency reserves and real-world asset tokenization.