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Dronamics Group Limited and GP-Act III Acquisition Corp. entered into a definitive business combination agreement for Dronamics to go public on Nasdaq. The transaction implies a ~US$500 million pro-forma enterprise value and is expected to provide approximately US$100 million in net cash proceeds.
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.
