Business
Safe Pro Group Authorizes Share Repurchase
AVENTURA, Fla.--(BUSINESS WIRE)-- Safe Pro Group Inc. (Nasdaq: SPAI) (“Safe Pro” or the “Company”), a developer of AI-enabled defense and security solutions,
About this update from Safe Pro Group Inc.
[{"type":"text","content":" AVENTURA, Fla.--(BUSINESS WIRE)--\nSafe Pro Group Inc. (Nasdaq: SPAI) (“Safe Pro” or the “Company”), a developer of AI-enabled defense and security solutions, today announced that its Board of Directors has authorized a share repurchase program of up to $3.0 million of the Company’s outstanding common stock over the next year.\n\nThe authorization underscores the Board’s confidence in Safe Pro’s strategy, technology leadership, and long-term growth opportunities, as well as the Company’s focus on disciplined capital allocation.\n\n“This authorization reflects our confidence in Safe Pro’s long-term growth trajectory and the intrinsic value of our business,” said Dan Erdberg, Chairman and Chief Executive Officer of Safe Pro Group. “We remain focused on executing our strategy, supporting our customers, and investing in our AI technology platform, while also returning capital to shareholders when we believe it is prudent to do so.”\n\nUnder the program, Safe Pro may repurchase shares from time to time based on market conditions, share price, corporate and regulatory considerations, and other factors, subject to compliance with applicable securities laws and regulations. Repurchases may be executed through open-market purchases, privately negotiated transactions, transactions structured through investment banking institutions, or other permitted methods.\n\nThe share repurchase program is expected to be funded from the Company’s existing cash and cash equivalents and/or future cash flows, while maintaining the financial flexibility to pursue organic growth initiatives and strategic opportunities. The authorization does not obligate the Company to repurchase any specific number of shares and may be modified, suspended, or discontinued at any time.\n\nFor more information about Safe Pro Group, its subsidiaries, and technologies, please visit https://safeprogroup.com and connect with us on LinkedIn, Facebook, and X.\n\nAbout Safe Pro Group Inc.\n\nSafe Pro Group Inc. (NASDAQ: SPAI) is a mission-driven technology company delivering AI-enabled security and defense solutions. Through cutting-edge platforms like SPOTD, Safe Pro provides advanced situational awareness tools for defense, humanitarian, and homeland security applications globally. It is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery ...