Global System Dynamics, Inc. Announces Sponsor’s Request for an Additional One-Month Extension to Complete its Initial Business Combination

Global System Dynamics, Inc. (Nasdaq: GSD) ("GSD" or the "Company") today announced that its sponsor, DarkPulse, Inc. (the "Sponsor"), has requested a one-month extension to complete its initial business combination. Per the terms of the agreement, the Sponsor will deposit an aggregate of $83,947.13 (representing approximately an additional $0.0625 per public share) into the Company's trust account for the benefit of its valued public stockholders. This additional contribution enables the Company to extend the date by which the Company has to complete its initial business combination for an additional one-month extension from June 9, 2023 to July 9, 2023. Such contribution effectively increases the pro rata portion of the funds available in the Company's trust account in the event of the consummation of an initial business combination, liquidation, or other redemption event, by $0.0625 per share. The request is subject to approval by the Company’s Board of Directors. Should the Company’s Board of Directors approve the Sponsor’s request, the Sponsor has until June 9, 2023 to deposit the funds into the Company’s trust account. The Sponsor’s contribution will be funded as a non-interest bearing loan that will either be paid upon earlier of consummation of an initial business combination or the company’s liquidation.

Rick Iler, CFO of GSD, stated, "Our Sponsor has requested another one-month extension to complete its initial business combination. Should the Company’s Board of Directors approve this request, the Sponsor will contribute additional funds to the trust fund for the benefit of the stockholders of Global System Dynamics. These funds provide for an additional one-month extension which gives us additional time to advance our business combination efforts. Once the business combination is complete, we remain committed to building the next great technology company and generating significant shareholder value."

About Global System Dynamics, Inc.

GSD is a 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.