Safe Pro Group (SPAI) entered into definitive agreements for a private placement with strategic investors including Ondas Holdings (ONDS) and Unusual Machines (UMAC), two leaders in the U.S. drone industry. The private placement consists of the sale of 2,000,000 shares of common stock at a price of $4.00 per share and warrants to purchase 2,000,000 shares of common stock at an exercise price of $6.00 per share, for a potential investment package of up to $20M. The investment is expected to provide the financial strength and strategic relationships to accelerate commercialization of Safe Pro’s patented AI technologies, including its Safe Pro Object Threat Detection and newly developed Navigation Observation Detection Engine. The closing of the offering is expected to occur on or about August 20, 2025, subject to the satisfaction of customary closing conditions. Northland Capital Markets and Dawson James Securities, Inc. acted as financial advisors to the transaction.
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