Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Global System Dynamics, Inc. incurred loan of $83,947 with DarkPulse, Inc. at bears no interest maturing 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 t.
- Instrument
- loan
- Principal
- $83,947
- Counterparty
- DarkPulse, Inc.
- Rate
- bears no interest
- Maturity
- 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 t
- Event
- incurrence
Exact text from the filing
On July 7, 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 July 9, 2023 to August 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 $83,947 (effective 2023-07-07).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- DarkPulse, Inc.
- Value
- $83,947
- Effective
- 2023-07-07
Exact text from the filing
On July 7, 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 July 9, 2023 to August 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. The issuance of the Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended. The foregoing description is qualified in its entirety
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