other material
confidence high
sentiment neutral
materiality 0.60
Safe Pro Group raises $1.05M via Series C convertible preferred and warrants
Safe Pro Group Inc.
- Gross proceeds of $1.05M from sale of 1,050 Series C preferred shares at $1,000/share.
- Preferred shares convertible into common at $2.25/share; stated value $1,100/share.
- Three-year warrants issued to purchase common at $2.93/share, equal to conversion shares.
- Company may redeem preferred at $1,100/share; preferred has no voting rights.
- Company to file resale registration statement within 30 days after closing.