Item 1. Legal Proceedings
Item 1. Legal Proceedings
Carebourn Capital et al v. Standard Registrar and Transfer et al
On July 15, 2025, the Court entered an order ordering
the Noteholders and their counsel to pay the sum of $70,840 to the Company.
On September 30, 2025, the Court entered Final
Judgment in this matter.
As of the date hereof, the Noteholders and their
counsel have not paid the awarded amount to the Company. DarkPulse intends to continue to exercise all legal rights and remedies available
to it to collect the amounts awarded.
DarkPulse, Inc. v. FirstFire Global Opportunities Fund, LLC, and
Eli Fireman
On September 30, 2025, the Delaware Court granted
the FirstFire Defendants’ Motion to Dismiss.
On October 14, 2025, the Company filed a Motion
for Reconsideration of the Delaware Court’s September 30th decision.
As of the date hereof, the Delaware Court has
not ruled on DarkPulse’s Motion for Reconsideration. The Company remains committed to actively litigating its claims for relief
against the FirstFire Defendants.
DarkPulse, Inc., et al v. Crown Bridge Partners, LLC, et al
Pursuant to the scheduling in effect as of the
date hereof, the Company’s Motion for Summary Judgment and the Crown Bridge Defendants’ Motion to Dismiss will both be fully
submitted to the Court on July 16, 2025.
As of the date hereof, the Court has not issued
a ruling on the parties respective motions. The Company remains committed to actively litigating its claims for relief against the Crown
Bridge Defendants.
In addition to the foregoing Legal Proceedings,
we are also actively investigating potential legal claims, including but not limited to stock fraud, market manipulation, and/or defamation,
against certain Twitter accounts, websites, and social media channels. The investigation is ongoing and, should potential claims be identified,
we will evaluate commencing formal litigation proceedings.
From time to time, we may become involved in
litigation relating to claims arising out of our operations in the normal course of business. We are not currently involved in any pending
legal proceeding or litigation and, to the best of our knowledge, no governmental authority is contemplating any proceeding to which
we are a party or to which any of our properties is subject, which would reasonably be likely to have a material adverse effect on our
business, financial condition and operating results.
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