Dronamics Capital announced that it will launch its IPO on SME growth market BEAM on 2 December. The offering would consists of up to 5 334 081 new preferred Class B shares with BGN 1.00 nominal value and issue price of BGN 1.10. The company intends to raise up to BGN 5.9m, which is the maximum amount allowed for the BEAM market. The IPO will be considered successful if at least 2 667 040 shares are subscribed and paid for. Currently the capital of the company is concentrated into 1 preferred Class A share with a nominal value of BGN 50 000, owned by Dronamics Global Limited, UK, a unmanned aerial systems startup. Note that with 90% of the proceeds from IPO, Dronamics Capital will buy SAFE (Simple Agreement for Future Equity) note in Dronamics Global with valuation cap of EUR 125m and discount rate of 20%. Note that Dronamics exists since 2014 and so far has attracted EUR 850k equity financing and EUR 5.2m SAFE instruments with valuation caps in the range EUR 4.5m – 125m and discount rates in the range 20% - 25%.