Safe Pro Group closes $8 million private placement with strategic investors

AVENTURA, Fla. - Safe Pro Group Inc. (NASDAQ:SPAI) has closed a previously announced private placement with strategic investors including Ondas Holdings Inc. (NASDAQ:ONDS) and Unusual Machines Inc. (NYSE:UMAC). According to InvestingPro data, UMAC enters this deal from a position of financial strength, with a market capitalization of $349 million and maintaining more cash than debt on its balance sheet.

The transaction involves the sale of 2 million shares of common stock at $4.00 per share, raising $8 million in immediate funding. The deal also includes warrants to purchase an additional 2 million shares at an exercise price of $6.00 per share, potentially bringing the total investment to $20 million if fully exercised.

Safe Pro Group, which specializes in AI-powered defense and security solutions, plans to use the proceeds to fund commercialization of its patented technologies, including Safe Pro Object Threat Detection (SPOTD) and its newly developed Navigation Observation Detection Engine (NODE). A portion of the funds will also be allocated to working capital.

The company’s technology focuses on drone imagery processing using machine learning and computer vision to identify explosive threats, offering an alternative to traditional human-based analysis methods.

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

The common shares sold in the private placement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements, according to the company’s press release statement.

Safe Pro Group’s platform targets multiple markets including commercial, government, law enforcement, and humanitarian sectors.

In other recent news, Unusual Machines reported its second-quarter earnings for 2025, showing a revenue of $2.12 million, which is a 51% increase from the previous year. Despite this growth in revenue, the company reported an earnings per share (EPS) of -$0.32, which was below the anticipated -$0.15. This resulted in a 113.33% surprise compared to analyst expectations. Additionally, Needham initiated coverage on Unusual Machines with a Buy rating and set a price target of $15.00. The firm highlighted the growing investment cycle in the United States for small, low-cost unmanned aerial systems. These developments underscore the strategic importance of First Person View intelligence, surveillance, and reconnaissance systems, according to Needham. These recent updates provide valuable insights into the company’s current financial performance and market positioning.

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