secwatch.observer — SEC 8-K summary
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Issuer:     Safe Pro Group Inc. (SPAI)
CIK:        0002011208
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0001641172-25-009519
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safe Pro Group raises $1.05M via Series C convertible preferred and warrants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2011208/000164117225009519/0001641172-25-009519-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2011208/000164117225009519/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-009519

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