European cargo drone developer Dronamics has signed a definitive business combination agreement with GP-Act III Acquisition Corp, which would take the merged company to Nasdaq, Urban Air Mobility News reports.
Dronamics says the proceeds are meant to scale up production of its Black Swan aircraft, speed up commercial operations and support its work in national security, autonomous logistics, critical minerals exploration and sovereign aerospace.
Dronamics is a licensed European cargo drone airline with IATA and ICAO airline designator codes. Its Black Swan, a fixed-wing NATO Class III uncrewed aircraft with a long range, is also being developed for military resupply and for intelligence, surveillance and reconnaissance.
