Safe Pro Group (NASDAQ: SPAI) announced that its board of directors has authorized a share repurchase program of up to $3.0 million of the company’s outstanding common stock over the next year, citing confidence in its strategy, AI-enabled defense and security technology platform, and long-term growth opportunities. The company said repurchases may be made from time to time based on market conditions and other considerations through open-market or privately negotiated transactions and other permitted methods, funded by existing cash, cash equivalents, or future cash flows, while maintaining financial flexibility to support organic growth and strategic initiatives.
To view the full press release, visit https://ibn.fm/SXrYj
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.
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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