Emerging Smart Cities Technology Company, DarkPulse, Inc., to List on NASDAQ Exchange via a Business Combination with Global System Dynamics, Inc.
Summary
DarkPulse develops, markets, and distributes a suite of engineering, installation, monitoring and laser-based security management solutions to a broad array of global industries and governments. Based on its patented BOTDA sensor technology, DarkPulse provides a data stream of critical metrics for assessing the health and security of infrastructure. This proposed merger is also consistent with GSD’s mission, vision and purpose because (1) in addition to its operational and M&A expertise, DarkPulse’s business of laser-based structural monitoring systems can support the farming and agriculture industry, and (2) it also provides access to capital at scale to help unleash transformative growth for a business that has assembled a great management team, developed great products and solutions, and staked out a strong competitive position in the marketplace.” The combined company is expected to have a total pro forma equity value of approximately $223 million translating into an enterprise value of approximately $145 million, with the proposed business combination to provide access to capital of up to approximately $121 million from the cash held in trust by GSD, assuming no redemptions from GSD stockholders. Additional information about the proposed transaction, including a copy of the business combination agreement, will be provided in a Current Report on Form 8-K to be filed by both DarkPulse and GSD with the Securities and Exchange Commission (the “SEC”). Information regarding GSDs and DarkPulse’s Directors and Executive Officers and other persons who may be deemed participants in the solicitation may be obtained by reading the registration statement and the proxy statement/prospectus and other relevant documents filed with the SEC when they become available.