Welcome to our dedicated page for Global System Dynamics news (Ticker: GSD), a resource for investors and traders seeking the latest updates and insights on Global System Dynamics stock.
Global System Dynamics, Inc. (GSD) is a blank check company incorporated in January 2021 in Delaware, aiming to merge, exchange capital stock, acquire assets, purchase stock, reorganize, or engage in similar business combinations with one or more businesses. As a newly organized entity, GSD focuses on identifying and capitalizing on high-growth potential opportunities across various industries by leveraging its management team's extensive experience.
In December 2022, GSD entered into a business combination agreement with DarkPulse, Inc., a Delaware corporation renowned for its advanced distributed fiber sensor solutions. This strategic move underscores GSD’s commitment to pursuing innovative technologies and substantial market opportunities. The consummation of this business combination is contingent upon fulfilling specific closing conditions, including approval from DarkPulse’s stockholders, regulatory endorsements, and the Nasdaq Stock Market's listing of the combined company's securities.
Recently, GSD announced that its Special Meeting, initially scheduled for later this year, will now be held virtually on Monday, August 7, 2023, at 10:00 a.m. Eastern Time. This delay offers shareholders an extended deadline until August 3, 2023, to exercise their right to redeem their shares or withdraw any prior redemption demands. The company continues to solicit proxies from stockholders to secure the necessary approvals for this landmark merger.
GSD operates transparently, keeping its investors well-informed through regular filings with the Securities and Exchange Commission (SEC). Investors can access detailed information and updates on the GSD website or the SEC's official portal.
For more comprehensive details regarding the business combination with DarkPulse, Inc., or other corporate activities, investors and shareholders can reach out directly to GSD or visit their official website at https://gsd.xyz.
Global System Dynamics (Nasdaq: GSD) announced that its sponsor, DarkPulse, Inc., has deposited $83,947 into GSD's trust account, facilitating a one-month extension for completing its initial business combination until May 9, 2023. This contribution equates to an additional $0.0625 per public share, enhancing the funds available in the trust account for shareholders in case of a business combination or liquidation. Rick Iler, GSD's CFO, expressed optimism about the extension, indicating it allows further advancement toward a significant transaction that aims to boost shareholder value. The funding is structured as a non-interest bearing loan, repayable upon the company's merger or liquidation. GSD was established as a blank check company to pursue mergers or acquisitions and has a current agreement with DarkPulse for a business combination.
On April 7, 2023, DarkPulse announced that the Board of Directors of Global System Dynamics, Inc. (GSD) approved a one-month extension to complete their initial business combination. DarkPulse deposited $83,947.13 into GSD's trust account, which allows GSD to extend the completion deadline from April 9 to May 9, 2023. This contribution was provided as a non-interest bearing loan, payable upon the consummation of the business combination or GSD's liquidation, if funds permit. Dennis O'Leary, CEO of DarkPulse, expressed commitment to finalizing the business combination to enhance infrastructure solutions. The company specializes in advanced monitoring systems for infrastructure in Smart Cities.
Global System Dynamics, Inc. (GSD) has announced a one-month extension to finalize its initial business combination requested by its sponsor, DarkPulse, Inc. The Sponsor will deposit $83,947.13 into GSD's trust account, increasing the funds available per public share by $0.0625. This extension pushes the deadline from April 9, 2023, to May 9, 2023, pending Board approval. The funds will be allocated as a non-interest-bearing loan, repayable upon the completion of the business combination or liquidation. CFO Rick Iler emphasized the commitment to enhance shareholder value post-combination. GSD, formed in January 2021, is pursuing a merger with DarkPulse, which requires various regulatory approvals and shareholder consent.
Global System Dynamics, Inc. (GSD) announced that its sponsor, DarkPulse, Inc., has deposited $83,947 into GSD's trust account. This contribution allows GSD to extend the deadline to complete its initial business combination from March 9, 2023, to April 9, 2023. Each public share will benefit from an increase of approximately $0.0625 in the trust account funds. CFO Rick Iler expressed confidence that the extension will help advance the business combination efforts, which aim to create significant shareholder value. The contribution is classified as a non-interest bearing loan, repayable upon the earlier of consummation of a business combination or liquidation.
Global System Dynamics (GSD) announced a one-month extension for its initial business combination, now due by April 9, 2023. This extension follows a request from its sponsor, DarkPulse, which will deposit $83,947.13 into GSD's trust account, benefiting public stockholders. This contribution increases the available funds per share by approximately $0.0625. The Board of Directors approved this request, contingent upon the funds being deposited by March 9, 2023. GSD, a blank check company incorporated in January 2021, has not yet selected a specific target for its business combination.
DarkPulse, Inc. (OTC Pink: DPLS) and Global System Dynamics, Inc. (Nasdaq: GSD) have announced the filing of a registration statement with the SEC regarding their proposed business combination. This merger, approved by both companies' boards, is anticipated to close in Q2 2023, pending SEC review, shareholder approval, and regulatory compliance. DarkPulse specializes in advanced laser-based monitoring systems for infrastructure in Smart Cities, while GSD is a special purpose acquisition company formed for business combinations. Shareholders are encouraged to review the registration statement and proxy documents for detailed information.
DarkPulse, Inc. announced that Global System Dynamics, Inc. (GSD) has approved a one-month extension for completing their initial business combination, now due on March 9, 2023. To facilitate this, DarkPulse deposited $83,947.13 into GSD's trust account, equivalent to $0.0625 per public share. This amount is a non-interest bearing loan, to be repaid upon completion of the business combination or if GSD is liquidated, contingent on available funds. CEO Dennis O'Leary expressed excitement about the extension, aiming to enhance their infrastructure solutions in Smart Cities.
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