Safe Pro Group Inc. (NASDAQ: SPAI) shares started in the green Friday. The company calling itself a leader in artificial intelligence (AI)-powered defense and security solutions, today announced that it closed the previously announced private placement (the Private Placement) with strategic investors including Ondas Holdings Inc. (NASDAQ: ONDS) and Unusual Machines Inc. (NYSE: UMAC).

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 $20 million.

The Company intends to utilize the proceeds of the Private Placement to fund commercialization of its patented AI technologies including its Safe Pro Object Threat Detection (SPOTD) and newly developed Navigation Observation Detection Engine (NODE) as well as for working capital.

The Common Shares have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

SPAI shares picked up eight cents, or 1.6%, to $5.15.

COMTEX_468233191/2559/2025-08-22T10:12:31