- Proceeds will support commercialization of Safe Pro’s AI-powered defense and security technologies, including SPOTD and NODE, and could expand to $20 million through warrant exercises.
- The company’s AI has processed 1.78 million drone images in Ukraine, detecting over 31,600 explosive threats.
- Expanding military budgets for drones and AI, alongside global demining needs, highlight a strong and growing market opportunity.
Safe Pro Group (NASDAQ: SPAI), an emerging provider of drone-based AI-powered security and threat detection solutions, has closed an $8 million private placement with strategic investors Ondas Holdings Inc. (NASDAQ: ONDS) and Unusual Machines Inc. (NYSE: UMAC), both leaders in the drone sector. The deal includes the sale of 2 million shares at $4.00 per share, alongside warrants for another 2 million shares at an exercise price of $6.00 (https://ibn.fm/tKMTs).
If exercised in full, the package could bring Safe Pro up to $20 million in new capital. Financial advisors Northland Capital Markets and Dawson James Securities oversaw the…
NOTE TO INVESTORS: The latest news and updates relating to SPAI are available in the company’s newsroom at https://ibn.fm/SPAI
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