DarkPulse Inc (DPLS) has released an update to notify the public and investors about an entry into a material definitive agreement.
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DarkPulse, Inc. has extended its equity financing agreement with GHS Investments, doubling the contract period to 24 months, with no other modifications made to the original terms. Concurrently, the company has revised its payment terms with The University of New Brunswick, setting a payback period for the principle sum to commence within four years, either after achieving two consecutive quarters of positive EBITDA or seven years from the issue date, with quarterly installments including principal, interest, and associated costs.
For further insights into DPLS stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
