AINewsBreaks – Safe Pro Group Inc. (NASDAQ: SPAI) Secures $20 Million Private Placement With Ondas Holdings (NASDAQ: ONDS) and Unusual Machines (NYSE: UMAC)
Safe Pro Group (NASDAQ: SPAI), a provider of AI-powered defense and security solutions, said it entered into definitive agreements for a private placement with strategic investors including Ondas Holdings Inc. (NASDAQ: ONDS) and Unusual Machines Inc. (NYSE: UMAC). The deal covers 2 million shares at $4 each and warrants for 2 million shares at $6 each, representing up to $20 million. The investment is expected to accelerate commercialization of Safe Pro’s patented AI technologies, including its Object Threat Detection system and Navigation Observation Detection Engine, which detect landmines, map terrain and analyze drone imagery in real time. The company said…