Safe Pro Group Inc. Files IPO Amendment

TL;DR

Safe Pro Group Inc. filed an S-1/A for their IPO. Looks like they're going public.

AI Summary

Safe Pro Group Inc. filed an S-1/A amendment on July 19, 2024, for its initial public offering. The Delaware-incorporated company, located in Aventura, Florida, is registering an unspecified number of securities under the Securities Act of 1933. The filing details their principal executive offices and agent for service, Daniyel Erdberg, the CEO.

Why It Matters

This S-1/A filing indicates Safe Pro Group Inc. is moving forward with its plan to become a publicly traded company, which could provide it with capital for growth and increase its visibility.

Risk Assessment

Risk Level: medium — As an S-1/A filing for an IPO, the company is still in the early stages of public trading, and its future performance is uncertain.

Key Numbers

• 333-280599 — SEC File Number (Identifies the registration statement with the SEC.)

Key Players & Entities

• Safe Pro Group Inc. (company) — Registrant
• July 19, 2024 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation
• Aventura, Florida (location) — Principal business address
• Daniyel Erdberg (person) — Chief Executive Officer
• 333-280599 (registration_number) — SEC File Number

FAQ

Key Financial Figures

• $4.25 — l public offering price will be between $4.25 and $5.75 per share. Prior to this of
• $5.75 — ffering price will be between $4.25 and $5.75 per share. Prior to this offering, th
• $1,143,860 — nd 2023, we have incurred net losses of $1,143,860 and $482,987, respectively. As of March
• $482,987 — e incurred net losses of $1,143,860 and $482,987, respectively. As of March 31, 2024, we
• $7,966,150 — 2024, we had an accumulated deficit of $7,966,150. For the years ended December 31, 2023,
• $6.3 million — ve incurred net losses of approximately $6.3 million and $0.5 million, respectively. As of D
• $0.5 m — osses of approximately $6.3 million and $0.5 million, respectively. As of December 31,
• $6.8 million — an accumulated deficit of approximately $6.8 million. SAFE PRO GROUP INC. Safe Pro Group

Filing Documents

• forms-1a.htm (S-1/A) — 4049KB
• ex3-1.htm (EX-3.1) — 122KB
• ex3-2.htm (EX-3.2) — 179KB
• ex3-3.htm (EX-3.3) — 10KB
• ex4-2.htm (EX-4.2) — 58KB
• ex4-3.htm (EX-4.3) — 58KB
• ex4-4.htm (EX-4.4) — 58KB
• ex10-2.htm (EX-10.2) — 77KB
• ex10-3.htm (EX-10.3) — 82KB
• ex10-4.htm (EX-10.4) — 75KB
• ex10-5.htm (EX-10.5) — 80KB
• ex10-6.htm (EX-10.6) — 154KB
• ex10-7.htm (EX-10.7) — 14KB
• ex10-8.htm (EX-10.8) — 23KB
• ex10-9.htm (EX-10.9) — 81KB
• ex10-10.htm (EX-10.10) — 164KB
• ex10-11.htm (EX-10.11) — 16KB
• ex10-12.htm (EX-10.12) — 23KB
• ex10-13.htm (EX-10.13) — 22KB
• ex10-14.htm (EX-10.14) — 31KB
• ex10-15.htm (EX-10.15) — 47KB
• ex10-16.htm (EX-10.16) — 115KB
• ex10-17.htm (EX-10.17) — 21KB
• ex10-18.htm (EX-10.18) — 139KB
• ex23-1.htm (EX-23.1) — 3KB
• ex23-2.htm (EX-23.2) — 5KB
• ex23-3.htm (EX-23.3) — 4KB
• ex23-2_001.jpg (GRAPHIC) — 12KB
• ex23-3_001.jpg (GRAPHIC) — 12KB
• forms-1a_001.jpg (GRAPHIC) — 6KB
• formdrsa_001.jpg (GRAPHIC) — 49KB
• airbrone_002.jpg (GRAPHIC) — 8KB
• airborne_001.jpg (GRAPHIC) — 3KB
• spusa_001.jpg (GRAPHIC) — 9KB
• spusa_002.jpg (GRAPHIC) — 4KB
• logo_001.jpg (GRAPHIC) — 28KB
• forms-1a_002.jpg (GRAPHIC) — 6KB
• 0001493152-24-028572.txt ( ) — 5903KB

Risk Factors

Risk Factors 6 Special Note Regarding Forward-Looking Statements 19

Use of Proceeds

Use of Proceeds 20 Dividend Policy 20 Capitalization 20

Dilution

Dilution 21 Management’s Discussion and Analysis of Financial Condition and Results of Operations 22

Business

Business 32 Management 38

Executive Compensation

Executive Compensation 43 Director Compensation 46 Principal Stockholders 47 Certain Relationships and Related Transactions 48

Description of Securities

Description of Securities 49

Underwriting

Underwriting 52 Legal Matters 55 Experts 55 Where You Can Find More Information 55 i ABOUT THIS PROSPECTUS The registration statement of which this prospectus forms a part, which we have filed with the Securities and Exchange Commission (the “SEC”), includes exhibits that provide more detail on the matters discussed in this prospectus. You should rely only on the information contained in this prospectus. We have not, and the underwriters have not, authorized anyone to provide you with information different from, or in addition to, that contained in this prospectus or any related free writing prospectus. This prospectus is an offer to sell only the securities offered hereby but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this prospectus is current only as of its date. Our business, financial condition, results of operations and prospects may have changed since that date. We are not offering to sell or seeking offers to purchase these securities in any jurisdiction where the offer or sale is not permitted. We have not done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the jurisdiction of the United States who come into possession of this prospectus are required to inform themselves about and to observe any restrictions relating to this Offering and the distribution of this prospectus applicable to that jurisdiction. Unless the context otherwise requires, the terms the “Company,” “Safe Pro Group,” “we,” “us” and “our” refer to Safe Pro Group Inc. and our subsidiaries. We have registered our name, logo and the trademarks “Airborne Response®” and “SpotlightAI™” in the United States. Other service marks, trademarks and trade names

View Full Filing

View this S-1/A filing on SEC EDGAR