Global System Dynamics, Inc. (Nasdaq: GSD) (“GSD” or the “Company”)
today announced that the special meeting of its stockholders (the
“Special Meeting”) originally scheduled for Monday, July 31, 2023
is being rescheduled to Monday, August 7, 2023. At the Special
Meeting, stockholders will be asked to vote on the proposals
detailed in the definitive proxy statement (as amended, the “proxy
statement”) initially filed with the Securities and Exchange
Commission (the “SEC”) by the Company on July 19, 2023, as amended
on July 26, 2023 (collectively, the “Proposals”).
The Special Meeting will now be held virtually at 10:00 a.m.
Eastern Time on Monday, August 7, 2023
at https://www.cstproxy.com/gsd/2023.
As a result of the rescheduled Special Meeting date, the Company
is extending the deadline for holders of its public shares to
exercise their right to redeem their shares for their pro rata
portion of the funds available in the Company’s trust account, or
to withdraw any previously delivered demand for redemption, to 5:00
p.m. Eastern time on August 3, 2023 (two business days before the
rescheduled Special Meeting date).
The Company plans to continue to solicit proxies from
stockholders during the period prior to the Special Meeting. Only
the holders of the Company’s Class A common stock and Class B
common stock as of the close of business on July 5, 2023, the
record date for the Special Meeting, are entitled to vote at the
Special Meeting.
About Global System Dynamics, Inc.
GSD is a newly organized blank check company incorporated in
January 2021 as a Delaware corporation formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses.
In December 2022, GSD entered into a business combination
agreement with DarkPulse, Inc., a Delaware corporation, the
material terms of which are included in GSD’s filings with the
Securities and Exchange Commission. The business combination is
expected to be consummated upon completion of closing conditions
which include, among other things, the approval of the transaction
by DarkPulse’s stockholders, satisfaction of the conditions stated
in the definitive business combination agreement and other
customary closing conditions, including that the Securities and
Exchange Commission completes its review of the proxy
statement/prospectus relating to the transaction, the receipt of
certain regulatory approvals, and the approval by The Nasdaq Stock
Market to list the securities of the combined company.
For more information, visit www.gsd.xyz
Forward-Looking Statements
Certain statements made in this press release are not historical
facts but may be considered “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended
(the “Securities Act”), Section 21E of the Securities Exchange Act
of 1934, as amended, and the “safe harbor” provisions under the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as “believe,”
“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“expect,” “should,” “would,” “plan,” “predict,” “potential,”
“seem,” “seek,” “future,” “outlook” or the negatives of these terms
or variations of them or similar terminology or expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
are not guarantees of future performance, conditions or results,
and involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the Company’s control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include: the risk that approval of the
Company’s stockholders for the Proposals is not obtained; the
number of redemptions made by the Company’s stockholders in
connection with the Proposals and its impact on the amount of funds
available in the Company’s trust account and the Company’s ability
to complete an initial business combination; and those factors
discussed in the Company’s Annual Report on Form 10-K filed with
the SEC on May 26, 2023, any subsequent Quarterly Report on Form
10-Q filed with the SEC and in the other documents the Company
files with the SEC, including the proxy statement. The Company does
not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Additional Information and Where to Find It
The Company has filed a definitive proxy statement to be used at
the Special Meeting to approve the Proposals. Investors and
security holders are advised to read the proxy statement and any
amendments or supplements thereto, as well as other documents filed
by the Company with the SEC, because these documents will contain
important information about the Special Meeting and the Company.
Stockholders may obtain copies of the proxy statement, without
charge, at the SEC’s website at www.sec.gov or by
directing a request to: Global System Dynamics, Inc., 740-229-0829;
info@gsdxyz.com.
Participants in the Solicitation
The Company and its directors and executive officers may be
deemed to be participants in the solicitation of proxies of the
Company’s stockholders in connection with the Proposals. Investors
and security holders may obtain more detailed information regarding
the names and interests of the Company’s directors and officers in
the Company and the Proposals in the Company’s Annual Report on
Form 10-K filed with the SEC on May 26, 2023, any subsequent
Quarterly Report on Form 10-Q filed with the SEC and in the other
reports the Company files with the SEC, including the proxy
statement. These documents can be obtained free of charge from the
sources indicated above.
No Offer or Solicitation
This press release shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposals to be voted on at the Special Meeting.
This communication shall also not constitute an offer to sell or
the solicitation of an offer to buy any securities, nor shall there
be any sale of securities in any states or jurisdictions in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the
Securities Act or an exemption therefrom.
Source: Global System Dynamics, Inc.
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