secwatch.observer — SEC 8-K summary
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Issuer:     Safe Pro Group Inc. (SPAI)
CIK:        0002011208
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001493152-24-035030
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe Pro Group prices IPO of 1,020,000 shares at $5.00/share; closes August 29
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- IPO of 1,020,000 shares of common stock at $5.00/share; underwriter has 45-day option for 153,000 additional shares.
- Underwriting agreement with Dawson James Securities; gross proceeds of $5.1M before expenses and option exercise.
- Issued warrant to underwriter for 51,000 shares at $6.25, exercisable from March 1, 2025 to August 28, 2029.
- Warrant provides cashless exercise and customary anti-dilution; shares and warrant registered under Form S-1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2011208/000149315224035030/0001493152-24-035030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2011208/000149315224035030/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-035030

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