DarkPulse, Inc. completed the acquisition of remaining 40% stake in Wildlife Specialists, LLC from J. Merlin Benner, Phillip J. Benner, Benjamin P. Benner, Jonas M. Benner, and Angelica M. Benner.
August 29, 2022
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DarkPulse, Inc. (OTCPK:DPLS) entered into an agreement to acquire remaining 40% stake in Wildlife Specialists, LLC from J. Merlin Benner, Phillip J. Benner, Benjamin P. Benner, Jonas M. Benner, and Angelica M. Benner on August 24, 2022. In a related transaction, DarkPulse entered into an agreement to acquire remaining 40% stake in Remote Intelligence, LLC. In exchange for the Membership Interests, the Company agrees to assume certain debt obligations of each of RI and WS, including the re-payment of certain loans to shareholders upon the occurrence of financial milestones of each of RI and WS. In addition, an aggregate of 10,000,000 shares of the DarkPulse's Common Stock owned by certain of the Sellers will be held in escrow pending the occurrence of financial milestones of each of RI ad WS over 24 months.
DarkPulse, Inc. (OTCPK:DPLS) completed the acquisition of remaining 40% stake in Wildlife Specialists, LLC from J. Merlin Benner, Phillip J. Benner, Benjamin P. Benner, Jonas M. Benner, and Angelica M. Benner on August 24, 2022. Michael Ozdinec of Ozdinec & Witzel, LLC served as legal advisor to sellers. Brian Higley of Business Legal Advisors, LLC served as legal advisor to DarkPulse
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.
DarkPulse, Inc. completed the acquisition of remaining 40% stake in Wildlife Specialists, LLC from J. Merlin Benner, Phillip J. Benner, Benjamin P. Benner, Jonas M. Benner, and Angelica M. Benner.