DarkPulse, Inc. Closes $850K Bridge Funding
Dark Pulse, Inc. (DPLS) has secured $850,000 in bridge funding aimed at retiring old notes, demonstrating its sensor technologies, and hiring key personnel. The private convertible loan features a fixed conversion price, anticipated to support near-term sales goals and facilitate a potential up-listing to the OTCQB and larger markets like NASDAQ. Chairman and CEO Dennis O’Leary expressed confidence in this funding's ability to sustain operations in the coming months and emphasized the company's expanding market position in laser-based monitoring solutions.
- Secured $850,000 in bridge funding.
- Funding will aid in retiring old notes and demonstrating sensor technologies.
- Loan facilitates near-term sales goals and potential up-listing to OTCQB.
- None.
Use of Proceeds for Funding Slated for Retirement of Old Notes, Product Demonstrations and Key Hires
NEW YORK, May 05, 2021 (GLOBE NEWSWIRE) -- Dark Pulse, Inc. (OTC Markets: DPLS) (“DarkPulse” and the “Company”), a technology company focused on the manufacture, sale, installation, and monitoring of laser sensing systems based on its patented BOTDA dark-pulse sensor technology (the “DarkPulse Technology”) which provides a data stream of critical metrics for assessing the health and security of infrastructure, announces that the Company has closed bridge funding in the amount of
The Company has negotiated and closed a private convertible loan with a fixed conversion price that will allow it to implement its near-term sales focused goals. The loan will also facilitate the Company’s desire to continue its path to revenues while implementing its strategy to up-list to the OTCQB as part of its future plan to trade on larger markets such as the NASDAQ.
“Dark Pulse has successfully closed bridge funding that we believe will ensure its operations for the next several months,” stated DarkPulse Chairman and CEO Dennis O’Leary. “We believe that the fixed conversion price negotiated compared to the current market price indicates the strength of our position and both short and long-term potential in the markets.” He continued, “The funds will be utilized to retire past notes, fund product demonstrations, and pay for key personnel hires as the Company continues expanding its operating capabilities.”
About DarkPulse , Inc.
DarkPulse, Inc. uses advanced laser-based monitoring systems to provide rapid and accurate monitoring of temperatures, strains and stresses. The Company’s technology excels when applied to live, dynamic critical infrastructure and structural monitoring, including pipeline monitoring, perimeter and structural surveillance, aircraft structural components and mining safety. The Company's fiber-based monitoring systems can assist markets that are not currently served, and its unique technology covers extended areas and any event that is translated into the detection of a change in strain or temperature. In addition to the Company’s ongoing efforts with respect to the marketing and sales of its technology products and services to its customers, the Company also continues to explore potential strategic alliances through joint venture and licensing opportunities to further expand its global market position.
For more information, visit www.DarkPulse.com
Safe Harbor Statement
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "goal," "estimate," "anticipate" or other comparable terms. All statements other than statements of historical facts included in this news release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Media contact:
DarkPulse Solutions, Inc.
doleary@DarkPulse.com
1.800.436.1436
FAQ
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