Cargo UAV maker Dronamics targets US stock market listing via SPAC merger

Dronamics, a Bulgarian manufacturer of uncrewed cargo aircraft, is pursuing a plan to list its shares on the Nasdaq stock exchange through a proposed merger with a special purpose acquisition vehicle (SPAC). The transaction values the combined company at $500 million, incorporating a new investment component. Valuing Dronamics independently at $400 million, this strategic move aims to facilitate accelerated growth for the firm. This SPAC deal will allow Dronamics to access capital markets and expand its operations within the United States. The merger represents an important step in Dronamics’ ambition to establish itself as a key player in the global unmanned aerial systems industry.