Global System Dynamics Updates On Nasdaq Compliance Status; Granted Conditional Extension By Nasdaq To Accomplish Business Combination By April 1, 2024
Portfolio Pulse from Benzinga Newsdesk
Global System Dynamics (GSD) has been granted a conditional extension by the Nasdaq Hearings Panel to remain listed on Nasdaq. The extension is contingent on GSD addressing SEC comments on its Form S-4 by January 19, 2024, and completing its business combination with DarkPulse, Inc (DPLS) by April 1, 2024.
January 03, 2024 | 10:15 pm
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POSITIVE IMPACT
DarkPulse, Inc (DPLS) is directly involved in the business combination with GSD, which must be completed by April 1, 2024, as per Nasdaq's conditional extension to GSD.
The successful completion of the business combination with GSD is critical for DPLS, and the Nasdaq extension provides a more definitive timeline for this to occur. This news may positively impact DPLS's stock in the short term as it confirms the ongoing progress towards the merger.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
GSD has received a conditional extension to remain listed on Nasdaq, which is positive news as it provides more time to comply with listing requirements and complete the merger with DPLS.
The extension by Nasdaq is a positive development for GSD, as it alleviates immediate delisting concerns and provides a clear timeline to address SEC comments and finalize its business combination with DPLS. This news is likely to be viewed favorably by investors in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100