# GP-Act III Acquisition to merge with Dronamics for $500M

GP-Act III Acquisition Corp. has agreed to merge with Dronamics Group Limited in a reverse merger valued at $500 million. The deal is expected to close in the first half of 2027 and will provide Dronamics with approximately $100 million in net cash proceeds.

- Type: Acquisition
- Announced: 2026-11-03
- Where: United States
- Value: $500.0M
- Status: announced
- Products: Black Swan autonomous cargo drone
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Dronamics Group](https://endata.com/companies/15684.md)
- [Dronamics Group](https://endata.com/companies/15684.md) (acquirer)
- [Dronamics Group](https://endata.com/companies/15684.md) (target)
- [GP-Act III Acquisition Corp.](https://endata.com/companies/15685.md) (acquirer)
- [GP-Act III Acquisition Corp.](https://endata.com/companies/15685.md) (target)

## Sources

- [screwstreet.com](https://screwstreet.com/news/gp-act-iii-acquisition-merger-agreement-2026-11-04), 2026-11-04: "The signing of this business combination agreement represents an important milestone for Dronamics as we prepare for the next stage of our growth."
- [dronelife.com](https://dronelife.com/2026/11/04/dronamics-to-go-public-on-nasdaq-through-merger/), 2026-11-04: "The signing of this business combination agreement represents an important milestone for Dronamics as we prepare for the next stage of our growth."
- [marketscreener.com](https://www.marketscreener.com/news/dronamics-group-ltd-entered-into-a-definitive-business-combination-agreement-to-acquire-gp-act-iii-ce785fdfdf80f427), 2026-11-04: "Dronamics Group Ltd. entered into a definitive business combination agreement to acquire GP-Act III Acquisition Corp. ... for approximately $440 million in a reverse merger transaction."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.