secwatch.observer — SEC 8-K summary
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Issuer:     DarkPulse, Inc. (DPLS)
CIK:        0000866439
Form:       8-K
Filed at:   2024-08-21T23:59:59+00:00
Accession:  0001683168-24-005946
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

DarkPulse enters waiver agreement granting GHS up to 962M shares; settlement for $2.67M in stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866439/000168316824005946/0001683168-24-005946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866439/000168316824005946/darkpulse_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-005946

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer