Safe Pro Group Inc. (NASDAQ: SPAI), a leader in artificial intelligence (AI)-powered defense and security solutions, today announced that it has entered into definitive agreements for a private placement with strategic investors including Ondas Holdings Inc. (NASDAQ: ONDS) and Unusual Machines Inc. (NYSE: 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 $20 million. 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 (SPOTD) and newly developed Navigation Observation Detection Engine (NODE). The closing of the offering is expected to occur on or about August 20, subject to the satisfaction of customary closing conditions.
Safe Pro’s patented platform has already been recognized by the U.S. Army and is positioned to capitalize on the Senate Appropriations Committee’s proposed $617 million increase in funding for small, unmanned aircraft systems (SUAS), as well as the recently passed One Big Beautiful Bill Act (OBBBA) which allocates up to $30 billion in new drone and AI spending.
SPAI shares leapfrogged 57 cents, or 15.1%, to $4.35, while those for ONDS dipped six cents, or 1.5%, to $3.54, and shares in UMAC took ion 22 cents, or 2.3%, to $9.97.
