Tsvetkova Bebov & Partners has advised Dronamics Capital on IPO and listing on the Beam market of the Bulgarian Stock Exchange.

According to the firm, “Dronamics Capital [is] a special purpose vehicle established with the main purpose of investing the raised capital in Dronamics Global Limited … [making] this transaction akin to a special purpose acquisition company IPO.”

Dronamics Global Limited “develops a novel proprietary unmanned aerial vehicle for transporting cargo, promising to start a new era in international shipping with related costs of only a couple of euros and a delivery universe of more than 2,500 kilometers,” Tsvetkova Bebov & Partners reported. “The Dronamics Capital IPO … was 4.5 times oversubscribed by many institutional and retail investors, evidencing the strong investor demand for innovative products on the Bulgarian capital market.”

TBP’s team included Managing Partner Nikolay Bebov, Partner Damyan Leshev, and Senior Associates Martina Dimitrova and Petar Ivanov.