HOUSTON, July 27, 2023 (GLOBE NEWSWIRE) -- 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.
