Dronamics set to become public company

Autonomous cargo aircraft developer Dronamics is set to become a publicly listed company through a $500m business combination with special purpose acquisition company GP-Act III Acquisition Corp (GPAT).

The proposed transaction would see Dronamics listed on Nasdaq and provide funding to scale production of its Black Swan unmanned aircraft, accelerate commercial operations and support expansion into the US and other markets.

Dronamics said the transaction had already been approved by the boards of both GPAT and Dronamics and was expected to close in the first half of 2027, subject to shareholder, regulatory and other approvals.

Founded in 2014 and headquartered in Sofia, Bulgaria, Dronamics is Europe’s first licensed cargo drone airline and holds international airline designator codes from IATA and the International Civil Aviation Organization (ICAO).

This story was originally published by Air Cargo News. Read the full story at Air Cargo News →