Paul Hastings Advises Dronamics Group in Definitive Agreement to Combine With GP-Act III Acquisition
Paul Hastings LLP represented Dronamics Group Limited, a leading developer and operator of unmanned aerial systems for civilian and defense applications, in the negotiation and execution of a definitive business combination agreement with GP-Act III Acquisition Corp., a publicly traded special purpose acquisition company. The transaction provides for a $400 million pre-money equity value for Dronamics, and upon completion of the transaction, the combined company is expected to be listed on Nasdaq.
Partners Deyan Spiridonov, Jeff Hartlin and Joseph Swanson led the Paul Hastings team, which also included partners Sally Evans and Andrew Davis.
More details can be found here.
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