Dronamics Targets Nasdaq Listing at $400m

Dronamics, a Sofia-based drone specialist, plans a Nasdaq merger with SPAC GPAT. The deal values the company at $400 million pre-money, though the SPAC trust dropped to $99.4 million from $287.5 million. Closing is expected in H1 2027, possibly after 8th May, with no PIPE commitments yet.