Safe Pro Group Inc. (SPAI) completed a private placement with Ondas Holdings Inc. and Unusual Machines Inc., selling 2 million shares at $4.00 each and issuing warrants for 2 million more at $6.00 per share. The deal brings in up to $20 million in funding to support the commercialization of Safe Pro’s AI defense technologies. The company’s stock closed at $5.69, up 12.23%, and remained steady in after-hours trading on the NasdaqCM. Northland Capital Markets and Dawson James Securities advised on the transaction.

Read more at Nasdaq: Safe Pro Group Raises $20 Mln In AI Defense Private Placement With Ondas And Unusual Machines