FAQ: Safe Pro Group's $8 Million Private Placement and Strategic Partnerships

What is the main topic of this announcement?

Safe Pro Group Inc. has closed an $8 million private placement with strategic investors Ondas Holdings and Unusual Machines to fund commercialization of its AI-powered defense and security solutions.

How much funding did Safe Pro Group raise and what were the terms?

The company raised $8 million through 2,000,000 shares at $4.00 per share, plus warrants to purchase 2,000,000 additional shares at $6.00 per share, representing a potential total investment of up to $20 million.

Who were the strategic investors in this private placement?

The strategic investors included Ondas Holdings Inc. (Nasdaq: ONDS) and Unusual Machines Inc. (NYSE: UMAC).

What will the proceeds from this funding be used for?

The proceeds will support commercialization of Safe Pro’s patented AI technologies including SPOTD (Safe Pro Object Threat Detection) and NODE (Navigation Observation Detection Engine), as well as general working capital.

What specific technologies does Safe Pro Group develop?

Safe Pro develops AI-powered defense and security solutions including SPOTD for object threat detection, NODE for navigation observation, and drone imagery processing using machine learning and computer vision technology for explosives threat identification.

Which financial advisors were involved in this transaction?

Northland Capital Markets and Dawson James Securities, Inc. served as financial advisors for the private placement.

What markets does Safe Pro Group target with its technology?

The company targets commercial, government, law enforcement, and humanitarian sectors with its AI software, protective gear, and drone-based services for safety and operational efficiency.

Where can investors find more information about Safe Pro Group?

Investors can visit the company’s newsroom at http://ibn.fm/SPAI or the company website at https://safeprogroup.com/ for more information.

What makes Safe Pro Group’s technology different from traditional methods?

Safe Pro’s AI solutions provide a safer and more efficient alternative to traditional human-based analysis methods by using commercially available drones with proprietary machine learning for rapid explosives threat identification.

What technology infrastructure does Safe Pro Group use for its platform?

The company’s scalable platform is built on a cloud-based ecosystem powered by Amazon Web Services (AWS).