Safe Pro Group (NASDAQ: SPAI), a developer of AI-powered defense and security solutions, closed its previously announced $8 million private placement with strategic investors including Ondas Holdings Inc. (Nasdaq: ONDS) and Unusual Machines Inc. (NYSE: UMAC). The placement included 2,000,000 shares of common stock at $4.00 per share and warrants to purchase 2,000,000 shares at $6.00 per share, representing a potential investment of up to $20 million. Proceeds will support commercialization of Safe Pro’s patented AI technologies, including its Safe Pro Object Threat Detection (SPOTD) and Navigation Observation Detection Engine (NODE), as well as general working capital. Northland Capital Markets and Dawson James Securities, Inc. served as financial advisors.
To view the full press release, visit https://ibn.fm/kXkq7
About Safe Pro Group Inc.
Safe Pro Group Inc. is a mission-driven technology company delivering AI-enabled security and defense solutions. Through cutting-edge platforms like SPOTD, Safe Pro provides advanced situational awareness tools for defense, humanitarian, and homeland security applications globally. It is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing leveraging commercially available “off-the-shelf” drones with its proprietary machine learning and computer vision technology to enable rapid identification of explosives threats, providing a much safer and more efficient alternative to traditional human-based analysis methods. Built on a cloud-based ecosystem and powered by Amazon Web Services (AWS), Safe Pro Group’s scalable platform is targeting multiple markets that include commercial, government, law enforcement and humanitarian sectors where its Safe Pro AI software, Safe-Pro USA protective gear and Airborne Response drone-based services can work in synergy to deliver safety and operational efficiency. For more information on Safe Pro Group Inc., please visit https://safeprogroup.com/ .
NOTE TO INVESTORS: The latest news and updates relating to SPAI are available in the company’s newsroom at http://ibn.fm/SPAI
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