Darkpulse terminates planned business combination with Global Systems Dynamics

DarkPulse, Inc.

Mutual termination of Business Combination Agreement with GSD and Zilla Acquisition Corp on January 23, 2024.
Termination effective immediately; no termination fee mentioned.
Darkpulse and GSD had agreed to combine, with Darkpulse becoming wholly-owned subsidiary of GSD under name 'Global System Dynamics'.
The deadline to close had been extended to Feb 9, 2024, but parties mutually decided to terminate.
No immediate plans for alternative transaction disclosed.

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. terminated Business Combination Agreement with Global Systems Dynamics, Inc. and Zilla Acquisition Corp. (effective 2024-01-23).

Action: termination
Agreement: merger
Counterparty: Global Systems Dynamics, Inc. and Zilla Acquisition Corp.
Effective: 2024-01-23

Exact text from the filing

On January 23, 2024, Darkpulse, Inc., a Delaware corporation (“we” or “our” or “us”) and Global Systems Dynamics, Inc. (“GSD”), by mutual written consent, terminated the Business Combination Agreement, as amended, between us, GSD, and Zilla Acquisition Corp., a Delaware corporation (the “Business Combination Agreement”), pursuant to Section 7.1(a) therein.

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Source: SEC EDGAR

accession 0001683168-24-000399

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