Form 8-K - Current report
February 05 2024 - 4:25PM
Edgar (US Regulatory)
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0000866439
0000866439
2024-01-30
2024-01-30
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities
and Exchange Act of 1934
Date of Report (Date of earliest event
reported): January 30, 2024
Commission File Number 000-18730
DARKPULSE,
INC.
(Exact name of small business issuer as specified
in its charter)
Delaware |
|
87-0472109 |
(State or other jurisdiction
of incorporation or organization) |
|
(I.R.S. Employer
Identification No.) |
815
Walker Street, Suite 1155, Houston,
TX 77002
(Address of principal executive offices)
800-436-1436
(Issuer’s telephone number)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instructions A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
Not applicable. |
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Indicate by check mark whether the registrant
is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 |
Entry Into A Material Definitive Agreement. |
Amendment to Second Amended Equity Financing
Agreement with GHS Investments
On January 30, 2024, DarkPulse, Inc.,
a Delaware corporation (the “Company”), entered into Amendment No. 1 to the Second Amended Equity Financing Agreement
with GHS Investments LLC, a Nevada limited liability company (“GHS”), pursuant to which the “Contract Period,”
as defined in the Second Amended Equity Financing Agreement dated July 10, 2023 by and among the Company and GHS (the “EFA”),
was amended from 12 months to 24 months. No other changes were made to the EFA.
Amendment to Debenture with The University of New Brunswick
On February 1, 2024, the Company’s board
of directors approved entering into the Amendment No. 01 to Convertible Debenture (Secured) Term Debenture (the “Amendment”)
with The University of New Brunswick pursuant to which, effective January 17, 2024, section (c) of the recitals of the Convertible Debenture
(Secured) Term Debenture effective April 24, 2017 (the “Debenture”) is amended to the following:
“(c) the date that is seven (7) years from
the Issue Date; or”
Section 3.1 of the Debenture is amended to the
following:
3.1 Payback on the Principle Sum will commence
over a four (4) year period upon the earlier of the following (each a “Payback Period”): (a) three (3) years following the
Payor achieving a positive earnings before interest, taxes, depreciation and amortization for two (2) consecutive quarters; or (b) the
date that is seven (7) years from the Issue Date.
Section 3.2 of the Debenture is amended to the
following:
“3.2 The Payor shall be required to pay
the Payee, in quarterly installments over a four (4) year period commencing from the start of the Payback Period, the following:
(a) Ninety-Three Thousand Seven Hundred and Fifty
Canadian Dollars ($93,750.00 CDN); and
(b) interest accrued on the Principal Sum on a
declining balance; and
(c) all costs associated with protecting the Technology.”
Item 7.01 |
Regulation FD Disclosure. |
On January 30, 2024, Dennis O’Leary, the
Company’s Chief Executive Officer, hosted an X Space (formerly Twitter Space) which provided general business discussion and updates.
The X Space can be found at the following link and is incorporated herein by reference:
https://twitter.com/i/spaces/1rmGPMEBBrYJN
The furnishing of the
X Space is not an admission as to the materiality of any information therein. The information contained in the X Space is summary information
that is intended to be considered in the context of more complete information included in the Company’s filings with the U.S. Securities
and Exchange Commission (the “SEC”) and other public announcements that the Company has made and may make from time
to time by press release or otherwise. The Company undertakes no duty or obligation to update or revise the information contained in this
report, although it may do so from time to time as its management believes is appropriate. Any such updating may be made through the filing
of other reports or documents with the SEC, through press releases or through other public disclosures.
The information in this
Item 7.01 of this Current Report on Form 8-K and the X Space shall not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the
Securities Act of 1933, as amended. The information contained in this Item 7.01 and in the X Space shall not be incorporated by reference
into any filing with the SEC made by the Company, whether made before or after the date hereof, regardless of any general incorporation
language in such filing.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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DarkPulse, Inc.
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Date: February
5, 2024 |
By: |
/s/ Dennis O’Leary |
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Dennis O’Leary, Chief Executive Officer |
v3.24.0.1
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Jan. 30, 2024 |
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Document Period End Date |
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Entity File Number |
000-18730
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Entity Registrant Name |
DARKPULSE,
INC.
|
Entity Central Index Key |
0000866439
|
Entity Tax Identification Number |
87-0472109
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
815
Walker Street, Suite 1155,
|
Entity Address, City or Town |
Houston
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Entity Address, State or Province |
TX
|
Entity Address, Postal Zip Code |
77002
|
City Area Code |
800
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Local Phone Number |
436-1436
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