Dronamics to Go Public Through Business Combination with GP-Act III Acquisition Corp

NEW YORK, NY, UNITED STATES, November 4, 2026 /CourierPR/ -- Dronamics, a developer and operator of long-range unmanned aircraft systems for cargo logistics, defense, and other mission-critical applications, is set to go public through a business combination with GP-Act III Acquisition Corp. The transaction, expected to close in the first half of 2027, will see Dronamics listed on Nasdaq, providing a platform for the company to scale its production of the Black Swan aircraft and accelerate its commercial operations.

Dronamics has spent over a decade developing its large drone platform, which is supported by an EU drone airline license and IATA/ICAO codes. This foundation allows the company to scale its commercial operations and expand internationally. The company has established strategic relationships with Hellmann Worldwide Logistics, HENSOLDT, Xcalibur Smart Mapping, and Asia Air Survey, bringing together established industry players to support commercialization and international expansion.

The business combination agreement (BCA) provides for a US$400 million pre-money equity value for Dronamics on a fully diluted basis, implying an estimated pro-forma enterprise value of approximately US$500 million. Existing Dronamics shareholders are expected to roll over 100% of their equity into the combined company. The transaction is targeted to provide approximately US$100 million in net cash proceeds to Dronamics at closing, after aggregate transaction expenses, through a combination of PIPE financing and cash remaining in GPAT’s trust account, subject to shareholder redemptions and PIPE commitments.

Dronamics plans to use the proceeds to scale production of its Black Swan aircraft, which is a long-range, fixed-wing NATO Class III unmanned aircraft designed for multiple missions. For cargo logistics, the company intends to operate its own aircraft and sell middle-mile cargo capacity, leveraging existing, often underutilized regional airfields. In national security, the Black Swan is being developed for military resupply and contested logistics, intelligence, surveillance and reconnaissance (ISR), airborne early warning (AEW), and drone mothership counter-unmanned aircraft system (counter-UAS) applications.

Alongside the Black Swan, Dronamics is developing the Black Cygnet tactical drone platform, a smaller, NATO Class I long-endurance aircraft aimed at civil protection and national security missions. The Black Cygnet was recently demonstrated as part of a NATO exercise for search and rescue and ISR missions, carrying an integrated partner sensor, and is being developed for further applications.

Dronamics has established strategic relationships and validated demand across its core markets. In cargo logistics, it has a binding cooperation agreement with Hellmann Worldwide Logistics as a priority partner intending to contribute at least 30% of the Dronamics global cargo capacity. In addition to that, more than 730 Black Swan aircraft are estimated to be deployed with partners under various MOUs, LOIs, and term sheets on the cargo side alone. In defense, Dronamics’ partnership with HENSOLDT is focused on developing an unmanned airborne early warning (AEW) platform, addressing increased demand in European defense spending for Made in Europe technologies. In aerial services, Dronamics is partnering with Xcalibur Smart Mapping on airborne geophysics for critical minerals exploration and with Asia Air Survey, also a strategic investor in the Company, on geospatial surveying and civil protection applications.

The transaction has been approved by the Board of Directors of GPAT and Dronamics, subject to approval by GPAT’s shareholders, receipt of required regulatory and other approvals, and satisfaction or waiver of the other closing conditions set forth in the BCA, including the minimum cash condition requiring at least US$25 million to be added to Dronamics’ balance sheet at closing, net of aggregate transaction expenses.

Dronamics, founded in 2014 and headquartered in Sofia, Bulgaria, is an autonomous aviation company designing and manufacturing unmanned aircraft systems for applications across cargo logistics, national security, critical minerals exploration, and sovereign aerospace.