DarkPulse Completes Asset Acquisition from 06 Technology

TL;DR

DarkPulse just bought assets from 06 Technology, boosting their software game.

AI Summary

On September 11, 2024, DarkPulse, Inc. announced the completion of its acquisition of certain assets from 06 Technology. This transaction is expected to enhance DarkPulse's capabilities in the pre-packaged software sector. The filing also includes information regarding a material definitive agreement and financial statements.

Why It Matters

This acquisition could expand DarkPulse's service offerings and market reach within the software industry, potentially impacting its future revenue and competitive position.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent risks related to integration, valuation, and market reception, which could impact DarkPulse's financial performance.

Key Players & Entities

• DarkPulse, Inc. (company) — Filer and acquirer
• 06 Technology (company) — Seller of acquired assets
• September 11, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $65,000 — the Buyer purchased from the Seller for $65,000 (the " Purchase Price ") all right, tit

Filing Documents

• darkpulse_8k.htm (8-K) — 29KB
• darkpulse_ex9901.htm (EX-99.1) — 8KB
• 0001683168-24-006460.txt ( ) — 207KB
• dpls-20240911.xsd (EX-101.SCH) — 3KB
• dpls-20240911_lab.xml (EX-101.LAB) — 33KB
• dpls-20240911_pre.xml (EX-101.PRE) — 24KB
• darkpulse_8k_htm.xml (XML) — 3KB

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Item 1.01 Entry Into A Material Definitive Agreement. On September 11, 2024 (the " Closing Date "), DarkPulse, Inc., a Delaware corporation (the " Company " or the " Buyer "), entered into and closed the Sale Agreement (the " Agreement ") with Optilan (UK) Limited (in liquidation) incorporated and registered in England and Wales with company number 02715788 (" Optilan " or the " Seller "), and Colin Hardman, Christopher Allen and Gregory Andrew Palfrey, as joint liquidators of the Seller all of Evelyn Partners LLP (the " Joint Liquidators "). Under the Agreement, the Buyer purchased from the Seller for $65,000 (the " Purchase Price ") all right, title, and interest in the following: (1) shares in Otilan India PVT (India), (2) shares in Optilan Communications & Security Systems Ltd (Turkey), and (3) the "Applicable Intellectual Property Rights," as defined in the Agreement. The following are excluded from the purchase: (1) any Excluded Intellectual Property Rights, as defined in the Agreement; (2) any cash in hand or at the bank; (3) any real property owned, leased or used by the Seller; (4) all policies of insurance and assurance and any actual or potential claim under such policies or similar contracts or in damages against any third party; (5) the benefit of any actual or potential claim, or right to make a claim, against any person including the proceeds of any litigation; (6) any other shares or other securities owned by the Seller; (7) any stock-in-trade, work-in-progress or raw materials owned by the Seller; and (8) any plant and machinery, including but not limited to any motor vehicles owned or used by the Seller.

01

Item 2.01 Completion of Acquisition or Disposition of Assets. The disclosure in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.01.

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Item 7.01 Regulation FD Disclosure. On September 17, 2024, the Company issued press release which announced the closing of the Agreement. A copy of the press release is attached hereto as Exhibit 99.1, and is incorporated herein by reference. Pursuant to the rules and regulations of the Securities and Exchange Commission (the " SEC "), the information in this Item 7.01 disclosure, including Exhibit 99.1, and the information set forth therein, is deemed to have been furnished to, and shall not be deemed to be "filed" with, the SEC. The press release may contain forward-looking statements. Such forward-looking statements are based on information presently available to the Company's management and are current only as of the date made. Actual results could also differ materially from those anticipated as a result of a number of factors, including, but not limited to, those discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and subsequent reports filed by the Company with the SEC. For those reasons, undue reliance should not be placed on any forward-looking statement. The Company assumes no duty or obligation to update or revise any forward-looking statement, although it may do so from time to time as management believes is warranted or as may be required by applicable securities law. Any such updates or revisions may be made by the registrant by filing reports with the SEC, through the issuance of press releases or by other methods of public disclosure.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated September 17, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

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. DarkPulse, Inc. Date: September 17, 2024 By: /s/ Dennis O'Leary Dennis O'Leary, Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR