HOUSTON, April 7,
2023 /PRNewswire/ -- DarkPulse, Inc. ("DarkPulse" or
the "Company") today announced that the Board of Directors of
Global System Dynamics, Inc. (Nasdaq: GSD) ("GSD") has approved its
request for an additional one-month extension to complete the
initial business combination. Per the terms of the agreement,
DarkPulse deposited $83,947.13
(representing an additional $0.0625
per public share) into GSD's trust account for the benefit of its
public stockholders. This additional contribution enables GSD to
extend the date by which it has to complete its initial business
combination from April 9, 2023 to
May 9, 2023.
$DPLS DarkPulse, Inc. Announces Approval of
Additional One-Month Extension to Complete its Initial Business
Combination
Dennis O'Leary, Founder &
Chief Executive Officer of DarkPulse stated, "I am pleased to
report that GSD's Board of Directors has approved our request for
an additional one-month extension to complete the business
combination. We remain as committed as ever to completing the
transaction with GSD in order to further invest in our mission to
deliver best-in-class infrastructure solutions to a massive end
market."
DarkPulse's contribution was funded as a non-interest bearing
loan that will either be paid upon earlier of consummation of an
initial business combination or GSD's liquidation, if there are
funds available outside of GSD's trust account.
About DarkPulse, Inc.
DarkPulse, Inc. (OTC: DPLS) is a company that uses advanced
laser-based monitoring systems to provide rapid and accurate
monitoring of temperatures, strains and stresses allowing for
advanced structural monitoring of infrastructure in Smart Cities.
For more information, please visit www.darkpulse.com and
follow DarkPulse on LinkedIn, Twitter and Facebook.
Forward-Looking Statements
This press release includes certain statements that are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under the applicable securities laws.
Forward-looking statements generally are accompanied by words such
as "believe," "may," "estimate," "continue," "anticipate,"
"intend," "expect," "should," "would," "plan," "predict,"
"potential," "seem," "seek," "future," "outlook," and similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters.
These forward-looking statements include, but are not limited
to, statements regarding the terms and conditions of the proposed
business combination and related transactions disclosed herein, the
timing of the consummation of such transactions, assumptions
regarding shareholder redemptions and the anticipated benefits and
financial position of the parties resulting therefrom. These
statements are based on various assumptions and/or on the current
expectations of GSD or DarkPulse's management. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as and must not be relied on by
any investor or other person as, a guarantee, an assurance, a
prediction or a definitive statement of fact or probability. Actual
events and circumstances are difficult or impossible to predict and
will differ from assumptions. Many actual events and circumstances
are beyond the control of GSD and/or DarkPulse. These
forward-looking statements are subject to a number of risks and
uncertainties, including but not limited to general economic,
financial, legal, political and business conditions and changes in
domestic and foreign markets; the amount of redemption
requests made by GSD's public shareholders; NASDAQ's approval of
GSD's initial listing application; changes in the assumptions
underlying DarkPulse's expectations regarding its future
business; the effects of competition on DarkPulse's future
business; and the outcome of judicial proceedings to which
DarkPulse is, or may become a party.
If the risks materialize or assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
DarkPulse and GSD presently do not know or currently believe are
immaterial that could also cause actual results to differ
materially from those contained in the forward-looking statements.
In addition, forward-looking statements reflect expectations,
assumptions, plans or forecasts of future events and views as of
the date of this press release. DarkPulse and GSD anticipate that
subsequent events and developments will cause these assessments to
change. However, while DarkPulse and/or GSD may elect to update
these forward-looking statements at some point in the future, each
of DarkPulse and GSD specifically disclaims any obligation to do
so, except as required by applicable law. These forward-looking
statements should not be relied upon as representing DarkPulse's or
GSD (or their respective affiliates') assessments as of any date
subsequent to the date of this press release. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
Investor Relations
The Blueshirt Group
Greg
McNiff
greg@blueshirtgroup.com
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SOURCE DarkPulse, Inc.