Global Robotic Drone Acquisition Corp.

Initial Public Offering
March 2022

Experienced Management Team, Board and Advisors

CEO and CFO have a strong track record of creating value for shareholders and bring experience in general management, operations, finance, investment and compliance.
Independent Directors bring additional operations, industry and deal expertise.

Ideal Timing

In 2021, ~613 SPACs have gone public on a U.S. exchange totaling $162.5 billion, exceeding year 2020’s record. 1
SPACs are a mainstream way for a target company to go public, which many target companies consider to be an advantageous alternative to IPOs.

Strong Segment Growth Outlook Management

Experienced management team provides industry-knowledge, expertise and connections that can boost a target company’s overall value.
The company is well-positioned to capitalize on the industry verticals led by its high-caliber management team. Management and directors are committed to helping the target beyond the IBC to add long-term value.

Robust Drone Technology Market

According to Statista, sales of US consumer drones to dealers surpassed $1.25 billion in 2020. Goldman Sachs estimates the total drone market size to be worth $100 billion. 2
In the last two years, several drone startups have grown to become unicorns. For example, drone delivery startup Zipline raised $250 million in June 2021 with a valuation of $2.75 billion, 3 and Skydio raised $170 million in March 2021 with a valuation over $1 billion in a round led by Andreessen Horowitz. 4

Our Team

Kenneth John Robinson

Chief Executive Officer & Chairman

Franchise Owner & Operator of Mike Pero Mortgages in New Zealand since May 2006. More info

Phan Nguyen Ngoc Xuan My

Chief Financial Officer

Since November 2021, Ms. Phan has served in the role of Senior, Risk Management, at the New Zealand bank
Kiwibank LLC. More Info

Hoo Keng Wai

Independent Director

Since 2006, Mr. Hoo has been Chief Executive Officer of the Chapter One Asia Group of Companies, which he founded in March 2006. Mr. Hoo has led Chapter One to one of Malaysia’s largest brand image organizations. More info

Public Offering Summary

Issuer

Global Robotic Drone Acquisition Corp. (Nasdaq: GRTR)

Offering Amount

100,000,000 + 15% over-allotment option (total $115,000,000)

Number of Units:

10,000,000 units @ $10.00 per unit

Timeframe

12 months plus two 3-month extensions at $0.1 per unit per extension

Total Proceeds Held in Trust

102% – or $10.20 per unit

Warrant Terms

$11.50 strike price
Expire after 5 years from closing of the Initial Business Combination (“IBC”) or earlier upon redemption or liquidation
Exercisable on the later of 12 months from the effective date of the registration statement and the date of completion of an IBC
Redeemable at the option of the Company at the price of US$0.01 per warrant when the price of the Class A common stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period following the date on which the warrants are exercisable

Management Promote

20% (2,500,000 shares of Class B common stock, or 2,875,000 shares of Class B common stock if the over-allotment option is exercised in full)

Use of Proceeds

Acquire companies and/or assets in the drone technology sector globally

Lock Up

180-day lock-up of the founder shares post-IBC or released from lock-up if the price of Class A common stock is ≥ $12.00 for any 20 trading days within any 30-trading day period post-IBC

Underwriters

EF Hutton, division of Benchmark Investments, LLC, Brookline Capital Markets, a division of Arcadia Securities, LLC