Safe Pro Group Inc. has completed an $8 million private placement with strategic investors Ondas Holdings Inc. and Unusual Machines Inc., both prominent players in the drone sector. The investment involves the sale of 2 million shares at $4.00 per share, accompanied by warrants for an additional 2 million shares at an exercise price of $6.00 (https://ibn.fm/tKMTs). If fully exercised, the financing package could provide Safe Pro with up to $20 million in new capital to support its expansion efforts.
The proceeds will primarily fund the commercialization of Safe Pro's AI-powered defense and security technologies, including its SPOTD and NODE systems. These technologies have demonstrated significant real-world impact, having processed 1.78 million drone images in conflict zones, resulting in the detection of over 31,600 explosive threats. This capability addresses critical security needs in regions affected by military conflicts and unexploded ordnance.
The investment comes at a time of expanding military budgets for drone and AI technologies worldwide, coupled with growing global demining requirements. The strategic participation of established drone industry leaders validates Safe Pro's technological approach and market positioning. Financial advisors Northland Capital Markets and Dawson James Securities facilitated the transaction, which represents a significant vote of confidence in Safe Pro's growth potential within the rapidly evolving defense technology sector.
The funding enables Safe Pro to scale its operations and enhance its AI-driven threat detection capabilities, positioning the company to capitalize on the increasing demand for advanced security solutions. The partnership with industry leaders also provides potential synergies and market access opportunities that could accelerate Safe Pro's technology deployment across various defense and security applications.
