DevvStream(DEVS.US)

12 Industrials Stocks Moving In Wednesday's Intraday Session

In Wednesday's trading session, Smart Logistics Global (NASDAQ:SLGB) saw a significant gain of 59.2%, reaching $3.2, while Linkers Industries (NASDAQ:LNKS) rose by 33.73% to $0.64. Other notable gainers included Palladyne AI (NASDAQ:PDYN) up 21.16% to $7.9, and Nextpower (NASDAQ:NXT) increasing 14.64% to $121.42. Conversely, Masonglory (NASDAQ:MSGY) experienced a drastic decline of 84.9% to $0.94, followed by DevvStream (NASDAQ:DEVS) down 17.43% to $1.09. Overall, the session highlighted significant volatility among industrial stocks.

09:00 ET Biomass-to-Jet SAF Projects Position Renewable Hydrocarbons as the Future of Aviation Fuel

Biomass-to-jet fuel is emerging as a viable solution to reduce aviation emissions, attracting investor interest. Airlines are seeking cleaner fuels compatible with existing aircraft, and sustainable aviation fuel (SAF) from biomass meets this need. Long-term supply agreements and government incentives are transforming these projects into profitable ventures. Companies like DevvStream Corp., XCF Global Inc., and Gevo, Inc. are positioned to benefit. A recent collaboration aims to enhance biomass-to-fuels development, with a focus on environmental-asset monetization, creating additional revenue streams and reducing risks for investors.

DevvStream Signs Term Sheet for Potential Three-Party Merger with Southern and XCF

DevvStream Corp. has signed a term sheet with Southern Energy Renewables, Inc. and Frontline BioEnergy for a potential three-party merger. This collaboration aims to support Southern's biomass-to-fuels platform in Louisiana and validate pathways for biomass-to-methanol and sustainable aviation fuel production. Frontline will be Southern's exclusive gasification provider for five years, while DevvStream will manage carbon credits for Southern's projects. The partnership seeks to de-risk commercialization efforts for the Louisiana project.

DevvStream shares are trading higher after the company and XCF Global announced that they have agreed to a binding term sheet to combine Southern Energy Renewables in a three-party merger.

DevvStream Plans Three-Way Merger to Build Low-Carbon Platform

DevvStream Corp. has announced a proposed three-way merger with XCF Global and Southern Energy Renewables, aiming to create a low-carbon fuels platform focused on sustainable aviation fuel. The merger would make DevvStream and Southern subsidiaries of XCF, which plans to raise $10 million for facility upgrades. The deal is subject to definitive agreements and due diligence, presenting execution and regulatory risks. DevvStream, listed on Nasdaq, specializes in carbon management and environmental assets, with a current market cap of $4.47M.