Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Jul. 31, 2025

Income Taxes (Tables) [Line Items]

Schedule of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities are as follows:

		2025
Deferred tax assets
Net operating loss (“NOL”) carryforwards
U.S. federal		$	20,461,846
Tax Credits
Energy related tax credits			185,987
Goodwill			139,473,347
Property, Plant and Equipment			575,817
Stock Compensation			1,843,290
Other			2,412,094
Less: valuation allowance			(164,952,382	)
Deferred tax assets, net of valuation allowance			—

Deferred tax liabilities			—
Total deferred tax liabilities			—
Net deferred tax liabilities		$	—

Schedule of Reconciliation of the U.S. Federal Statutory Income Tax Rate

A reconciliation of the U.S. federal statutory income tax rate of 21% to our effective income tax rate for the year ended December 31, 2025 is as follows:

		Year Ended December 31, 2025
		Amount				Percent
U.S. federal statutory tax rate		$	15,541,001			21	%
State and local income taxes, net of federal income tax effect			—			—
Tax credits			(185,987	)		(0.25	)%
Changes in valuation allowance			16,107,151			21.77	%
Nontaxable or nondeductible items
Loss on issuance of debt			8,511,510			11.50	%
Change in fair value of warrants			(44,082,402	)		(59.57	)%
Unrealized loss on derivative asset			3,392,775			4.58	%
Transaction costs			715,952			0.97	%
Changes in unrecognized tax benefits
Other adjustments			—			—
Effective tax rate as reported		$	—			—	%

DevvStream Corp [Member]

Income Taxes (Tables) [Line Items]

Schedule of Deferred Tax Assets and Liabilities

The significant components of the deferred tax assets and liabilities consisted of the following:

		July 31, 2025				July 31, 2024
Deferred tax assets
Net operating loss carryforwards		$	4,573,385			$	2,441,398
Unexercised share-based compensation			945,890				823,579
Capital start-up costs			2,355,876				620,911
Derivative liability			—				193,043
Accrued payroll reserves			162,426				49,866
Financing fees			4,503				6,005
Unrealized foreign exchange gain/loss			13,879				11,434
Total gross deferred tax assets			8,055,960				4,146,236

Valuation allowance			(7,967,381	)			(4,141,548	)

Total deferred tax assets, net of valuation allowance			88,579				4,688

Deferred tax liability
Convertible debt			(88,579	)			(4,410	)
Depreciation			—				(278	)
Unrealized foreign exchange gain/loss			—				—
Total gross deferred tax liabilities			(88,579	)			(4,688	)

Net deferred tax asset			—				—

Schedule of Reconciliation of the U.S. Federal Statutory Income Tax Rate

A reconciliation between the effective income tax rate and the federal statutory income tax rate is as follows:

		July 31, 2025				July 31, 2024
Domestic		$	(4,788,451	)		$	(7,403,278	)
International			(7,278,780	)			(2,395,924	)
(Loss) before income taxes			(12,067,231	)			(9,799,202	)

		July 31, 2025				July 31, 2024
Expected recovery at statutory rate			(2,534,119	)			(2,057,832	)
Permanent book/tax differences			(33,892	)			241,919
Change in valuation allowance			3,825,833				1,873,989
Current tax true up			(62,750	)			28,463
Tax rate differential			—				—
Impact of foreign currency translation			—				(13,993	)
Impact of acquisition			(1,195,073	)			—
Total tax expense		$	—			$	72,546

Schedule of Components of Provision for Income Taxes

The components of the provision for income taxes are as follows:

		July 31, 2025			July 31, 2024
Current tax expense:
Federal		$	—		$	—
Foreign			—			72,546
Total current tax expense			—			72,546

Deferred tax benefit:
Federal			—			—
Foreign			—			—
Total deferred tax benefit			—			—
Total income tax expense		$	—		$	72,546