DarkPulse, Inc. (DPLS): M&A transaction — DarkPulse completes acquisition of Optilan UK's India and Turkey subsidiaries for $65,000

DarkPulse, Inc.

DarkPulse paid $65,000 for Optilan India Pvt Ltd and Optilan Communications & Security Systems Ltd (Turkey) plus applicable IP.
Optilan India is a major engineering group with expertise in distributed fiber optic sensor systems (DFOSS) and global installations.
Optilan Turkey worked on the Trans-Anatolian Natural Gas Pipeline (TANAP) and holds multiple Middle East contracts.
DarkPulse plans to expand both India and Turkey teams to boost sales and engineering operations in the U.S. and globally.
CEO Dennis O'Leary said acquisition closes key assets and enables full manufacturing of BOTDA fiber optic sensor systems.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

DarkPulse, Inc. completed an acquisition involving Optilan (UK) Limited (in liquidation) for $65,000 (closed 2024-09-11).

Action: acquisition
Counterparty: Optilan (UK) Limited (in liquidation)
Consideration: $65,000
Closing: 2024-09-11

Exact text from the filing

On September 11, 2024 (the " Closing Date "), DarkPulse, Inc., a Delaware corporation (the " Company " or the " Buyer "), entered into and closed the Sale Agreement (the " Agreement ") with Optilan (UK) Limited (in liquidation) incorporated and registered in England and Wales with company number 02715788 (" Optilan " or the " Seller "), and Colin Hardman, Christopher Allen and Gregory Andrew Palfrey, as joint liquidators of the Seller all of Evelyn Partners LLP (the " Joint Liquidators "). Under the Agreement, the Buyer purchased from the Seller for $65,000 (the " Purchase Price ") all right, title, and interest in the following: (1) shares in Otilan India PVT (India), (2) shares in Optilan Communications & Security Systems Ltd (Turkey), and (3) the "Applicable Intellectual Property Rights," as defined in the Agreement.

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Source: SEC EDGAR

accession 0001683168-24-006460

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