DarkPulse, Inc. announced that it expects to receive $0.061 million in funding from GS Capital Partners LLC
January 09, 2019
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DarkPulse, Inc. (OTCPK:KLMK) announced that it has entered into securities purchase agreements with GS Capital Partners, LLC for the private placement of 8% convertible redeemable note due January 7, 2020 for gross proceeds of $61,000 on January 10, 2019. The note carries a fixed coupon of 8% per annum and would mature on January 7, 2020. All interest and principal must be repaid on January 10, 2020. The note will issue at an original issue discount of $4,000 on principle amount of $65,000. The note is convertible into common shares at a 30% discount to the lowest trading prices of the common stock during the 20 trading day period prior to conversion. In the event the company prepays the note in full, the company is required to pay off all principal, interest and any other amounts owing multiplied by a premium ranging from 15% to 30%. The prepayment amount will be equal to 115% of the principal amount if paid under 60 days from the date of issuance, 120% if paid between 61 to 120 days, and 130% if paid between 121 to 180 days. The note is exchangeable for an equal aggregate principal amount of notes of different authorized denominations, as requested by the holder surrendering the same. The company will issue the securities pursuant to exemption provided under Rule 506 promulgated under the Securities Act. Regulation D. The company will pay the legal fee of $3,100.
DarkPulse, Inc. is a technology-security company. The Company is focused on the manufacture, sale, installation, and monitoring of laser sensing systems based on its patented Brillouin Optical Time Domain Analysis (BOTDA) dark-pulse sensor technology. The Company also develops, markets, and distributes a full suite of engineering, monitoring, installation and security management solutions for critical infrastructure/key resources to both industries and governments. The Company provides multiple security platforms: Patented BOTDA Fiber Optic sensor systems and Satellite Communications services. Its security and monitoring systems are delivered in applications for critical infrastructure/ key resources. Its patented BOTDA dark-pulse sensor technology allows for the monitoring of highly dynamic environments. It offers a full suite of engineering and environmental solutions that provide safety and security infrastructure projects.