DarkPulse agrees to merge with Global System Dynamics, list on NASDAQ as DARK

DarkPulse, Inc.

Initial pro forma equity value ~$223M; enterprise value ~$145M, assuming no GSD redemptions.
GSD has ~$108.8M cash in trust as of Dec 14, 2022.
All existing DarkPulse shareholders retain 100% equity in combined company.
Expected close Q1/Q2 2023; combined company to trade as DARK on NASDAQ.
Three new directors added: O'Leary, Catalino, Pappas; O'Leary continues as CEO.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DarkPulse, Inc. entered into Business Combination Agreement with Global System Dynamics, Inc. and Zilla Acquisition Corp. (effective 2022-12-14).

Action: entry
Agreement: merger
Counterparty: Global System Dynamics, Inc. and Zilla Acquisition Corp.
Effective: 2022-12-14

Exact text from the filing

On December 14, 2022, DarkPulse, Inc., a Delaware corporation (the “ Company ”), entered into a Business Combination Agreement (as it may be amended, supplemented or otherwise modified from time to time, the “ BCA ”), by, between, and among the Company, Global System Dynamics, Inc., a Delaware corporation (“ GSD ”), and Zilla Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of GSD (the “ Merger Sub ”).

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DarkPulse, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-22-008440

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