Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Global System Dynamics, Inc. incurred loan of $83,947 with DarkPulse, Inc. at bears no interest maturing upon the earlier of (i) the date on which the Company consummates its Initial Business Combination, and (ii) the date that the winding up of the Company is effe.
- Instrument
- loan
- Principal
- $83,947
- Counterparty
- DarkPulse, Inc.
- Rate
- bears no interest
- Maturity
- upon the earlier of (i) the date on which the Company consummates its Initial Business Combination, and (ii) the date that the winding up of the Company is effe
- Event
- incurrence
Exact text from the filing
On June 9, 2023, Global System Dynamics, Inc., a Delaware corporation (“ GSD ” or the “ Company ”), issued a promissory note (the “ Note ”) in the aggregate principal amount of $83,947 to DarkPulse, Inc., a Delaware corporation, the sponsor of the Company (the “ Sponsor ”), in connection with the extension of the termination date for the Company’s initial business combination (the “ Initial Business Combination ”) from June 9, 2023 to July 9, 2023. Pursuant to the Note, the Sponsor has agreed to loan to the Company $83,947 to deposit into the Company’s trust account. The Note bears no interest and is repayable in full upon the earlier of (i) the date on which the Company consummates its Initial Business Combination, and (ii) the date that the winding up of the Company is effective.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Global System Dynamics, Inc. entered into Promissory Note with DarkPulse, Inc. valued at aggregate principal amount of $83,947 (effective 2023-06-09).
- Action
- entry
- Counterparty
- DarkPulse, Inc.
- Value
- aggregate principal amount of $83,947
- Effective
- 2023-06-09
Exact text from the filing
On June 9, 2023, Global System Dynamics, Inc., a Delaware corporation (“ GSD ” or the “ Company ”), issued a promissory note (the “ Note ”) in the aggregate principal amount of $83,947 to DarkPulse, Inc., a Delaware corporation, the sponsor of the Company (the “ Sponsor ”), in connection with the extension of the termination date for the Company’s initial business combination (the “ Initial Business Combination ”) from June 9, 2023 to July 9, 2023.
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