AINewsBreaks – Safe Pro Group Inc. (NASDAQ: SPAI) Closes $8 Million Private Placement With Strategic Backing From Ondas Holdings and Unusual Machines
Safe Pro Group (NASDAQ: SPAI), a developer of AI-powered defense and security solutions, closed its previously announced $8 million private placement with strategic investors including Ondas Holdings Inc. (Nasdaq: ONDS) and Unusual Machines Inc. (NYSE: UMAC). The placement included 2,000,000 shares of common stock at $4.00 per share and warrants to purchase 2,000,000 shares at $6.00 per share, representing a potential investment of up to $20 million. Proceeds will support commercialization of Safe Pro’s patented AI technologies, including its Safe Pro Object Threat Detection (SPOTD) and Navigation Observation Detection Engine (NODE), as well as general working capital. Northland Capital Markets…