other material
confidence high
sentiment negative
materiality 0.85
DarkPulse enters waiver agreement granting GHS up to 962M shares; settlement for $2.67M in stock
DarkPulse, Inc.
- Waiver Agreement with GHS resolves defaults on Registration Rights Agreement; GHS may receive up to 962,489,983 shares of common stock, subject to 4.99% beneficial ownership limit.
- Settlement Agreement with GS Capital Partners: issue free-trading shares up to $2,673,423.19 at average of three lowest VWAPs over five prior trading days.
- Settlement shares selling restrictions: max 1% of outstanding shares per week or 15% of daily volume, at ask price.
- Company reserves 2.5 billion shares for the Settlement, implying substantial potential dilution for existing shareholders.