Convertible Debentures (Tables) - DevvStream Corp [Member]
|
9 Months Ended |
12 Months Ended |
Apr. 30, 2026 |
Jul. 31, 2025 |
| Convertible debentures [Abstract] |
|
|
| Schedule of Convertible Debentures |
A continuity of the Company’s convertible debentures is as follows:
|
Balance as at July 31, 2024
|
|
$
|
881,544 |
|
|
Issued
|
|
|
13,686,133 |
|
|
Fair value of embedded derivative
|
|
|
(138,250 |
)
|
|
Issuance discount
|
|
|
(800,000 |
)
|
|
Transaction costs
|
|
|
(85,000 |
)
|
|
Repayment
|
|
|
(448,151 |
)
|
|
Accretion
|
|
|
346,424 |
|
|
Interest
|
|
|
305,591 |
|
|
Accrued interest transferred to accrued liabilities
|
|
|
(21,129 |
)
|
|
Extinguishment
|
|
|
(3,982,650 |
)
|
|
Assumed on RTO
|
|
|
3,345,000 |
|
|
Balance as at July 31, 2025
|
|
$
|
13,089,512 |
|
|
Issuance
|
|
|
250,000 |
|
|
Repayment
|
|
|
(2,191,635 |
)
|
|
Accretion
|
|
|
664,262 |
|
|
Interest
|
|
|
751,261 |
|
|
Conversion
|
|
|
(3,272,313 |
)
|
|
Extinguishment
|
|
|
(4,241,792 |
)
|
|
Balance as at April 30, 2026
|
|
$
|
5,049,295 |
|
|
A continuity of the Company’s convertible debentures is as follows:
|
Balance as at August 1, 2023
|
|
$
|
—
|
|
|
Issued
|
|
|
920,000 |
|
|
Fair value of embedded derivative
|
|
|
(73,550 |
)
|
|
Transaction costs
|
|
|
(36,484 |
)
|
|
Accretion
|
|
|
52,552 |
|
|
Interest
|
|
|
19,026 |
|
|
Balance as at July 31, 2024
|
|
$
|
881,544 |
|
|
Issued
|
|
|
13,686,133 |
|
|
Fair value of embedded derivative
|
|
|
(138,250 |
)
|
|
Issuance discount
|
|
|
(800,000 |
)
|
|
Transaction costs
|
|
|
(85,000 |
)
|
|
Repayment
|
|
|
(448,151 |
)
|
|
Accretion
|
|
|
346,424 |
|
|
Interest
|
|
|
305,591 |
|
|
Accrued interest transferred to accrued liabilities
|
|
|
(21,129 |
)
|
|
Extinguishment
|
|
|
(3,982,650 |
)
|
|
Assumed on RTO
|
|
|
3,345,000 |
|
|
Balance as at July 31, 2025
|
|
$
|
13,089,512 |
|
|
| Schedule of Convertible Debentures |
Breakdown of the Company’s convertible debentures is as follows:
|
|
|
April 30,
2026
|
|
July 31,
2025
|
|
Convertible debentures, short-term, related party
|
|
$
|
388,901 |
|
$
|
375,027 |
|
Convertible debentures, long-term, related party
|
|
|
|
|
|
3,914,146 |
|
Convertible debentures, short-term
|
|
|
4,660,394 |
|
|
|
|
Convertible debentures, long-term
|
|
|
|
|
|
8,800,339 |
| |
|
$
|
5,049,295 |
|
$
|
13,089,512 |
|
|
| Schedule of Embedded Derivative Liabilities |
Below is a continuity of the embedded derivative liabilities:
|
Balance as at July 31, 2024
|
|
$
|
919,250 |
|
|
Derivative liability component
|
|
|
138,250 |
|
|
Change in fair value of derivative liabilities
|
|
|
(719,000 |
)
|
|
Transferred to equity
|
|
|
(266,000 |
)
|
|
Balance as at July 31, 2025
|
|
$
|
72,500 |
|
|
Change in fair value of derivative liabilities
|
|
|
1,500 |
|
|
Transferred to equity
|
|
|
(74,000 |
)
|
|
Balance as at April 30, 2026
|
|
$
|
|
|
|
Below is a continuity of the embedded derivative liabilities:
|
Balance as at August 1, 2023
|
|
$
|
—
|
|
|
Derivative liability component
|
|
|
73,550 |
|
|
Change in fair value of derivative liabilities
|
|
|
845,700 |
|
|
Balance as at July 31, 2024
|
|
$
|
919,250 |
|
|
Derivative liability component
|
|
|
138,250 |
|
|
Change in fair value of derivative liabilities
|
|
|
(719,000 |
)
|
|
Transferred to equity
|
|
|
(266,000 |
)
|
|
Balance as at July 31, 2025
|
|
$
|
72,500 |
|
|
| Schedule of Key Inputs Derivative Liabilities |
The key inputs used in the Monte Carlo model for the derivative liabilities were as follows:
|
|
|
At initial
measurement
(for the
year ended
July 31,
2025)
|
|
As at
July 31,
2025
|
|
As at
March 10,
2026
(extinguishment
date)
|
|
Probability of De-SPAC Transaction closing
|
|
90% – 99%
|
|
N/A
|
|
|
N/A
|
|
|
Risk-free interest rate
|
|
0.61% – 4.25% |
|
2.75 |
%
|
|
2.43 |
%
|
|
Expected term (years)
|
|
0.01 – 2.00 |
|
1.63 |
|
|
1.02 |
|
|
Expected annual volatility for the Company
|
|
92.5% – 150% |
|
150 |
%
|
|
150 |
%
|
|
Expected annual volatility for Focus Impact
|
|
2.5% – 100% |
|
|
|
|
|
|
|
Common conversion ratio
|
|
0.063 – 0.1462 |
|
|
|
|
|
|
|
Foreign exchange rate
|
|
0.718 – 0.734 |
|
|
|
|
|
|
|
The key inputs used in the Monte Carlo model for the derivative liabilities were as follows:
|
|
|
At initial
measurement (for
the
year ended
July 31,
2024)
|
|
As at
July 31,
2024
|
|
At initial
measurement (for
the
year ended
July 31,
2025)
|
|
As at
July 31,
2025
|
|
Probability of De-SPAC Transaction closing
|
|
90% |
|
90% |
|
90% – 99% |
|
N/A
|
|
|
Risk-free interest rate
|
|
4.60% – 4.87% |
|
4.27% – 4.38% |
|
0.61% – 4.25% |
|
2.75 |
%
|
|
Expected term (years)
|
|
0.35 – 0.82 |
|
0.26 – 0.54 |
|
0.01 – 2.00 |
|
1.63 |
|
|
Expected annual volatility for the Company
|
|
90% – 145% |
|
85% – 112% |
|
92.5% – 150% |
|
150 |
%
|
|
Expected annual volatility for Focus Impact
|
|
2.5% – 5% |
|
2.5% |
|
2.5% – 100% |
|
N/A
|
|
|
Common conversion ratio
|
|
0.083 – 0.155 |
|
0.083 |
|
0.063 – 0.1462 |
|
N/A
|
|
|
Foreign exchange rate
|
|
0.727 – 0.747 |
|
0.7242 |
|
0.718 – 0.734 |
|
N/A
|
|
|
| Convertible Debt [Member] |
|
|
| Convertible debentures [Abstract] |
|
|
| Schedule of Breakdown of Convertible Debentures |
|
Breakdown of the Company’s convertible debentures is as follows:
|
|
|
July 31,
2025
|
|
July 31,
2024
|
|
Convertible debentures, short-term, related party
|
|
$
|
375,027 |
|
$
|
881,544 |
|
Convertible debentures, long-term, related party
|
|
|
3,914,146 |
|
|
—
|
|
Convertible debentures, long-term
|
|
|
8,800,339 |
|
|
—
|
| |
|
$
|
13,089,512 |
|
$
|
881,544 |
|