Where is this $15 million supposed to come from to buy back these shares ? I have been reviewing their filings and wondered where this cash is supposed to come from.
As part of the transaction, all DarkPulse shares owned by DarkPulse’s existing equity holders will be converted to common stock of the pro forma company.
FORM 8-K January 31, 2023 Global System Dynamics, Inc.
Extension approved for Business Combination
In connection with the Special Meeting, stockholders holding 9,149,326 Public Shares properly exercised their right to redeem their shares (and did not withdraw their redemption) for cash at a redemption price of approximately $10.39 per share, for an aggregate redemption amount of approximately $95,061,497.
Following such redemptions, approximately $14,038,481 was left in trust and 1,343,154 Public Shares remain outstanding.
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