- Billionaire investor Dr. Phillip Frost purchased 1 million restricted Safe Pro Group shares at $4 each and received the right to purchase another 1 million shares at $6.
- WhaleWatchAlerts cited Frost’s 9.82% beneficial ownership alongside Safe Pro’s roughly $92 million market capitalization and approximately $10.2 million cash position.
- The X account also highlighted Safe Pro’s Q2 revenue growth, U.S. Army order and exposure to the converging defense, drone and artificial intelligence markets.
Safe Pro Group (NASDAQ: SPAI), has attracted the attention of WhaleWatchAlerts on X following a $4 million share purchase by billionaire investor Dr. Phillip Frost. According to WhaleWatchAlerts, Frost purchased 1 million restricted shares at $4 each from Safe Pro Chairman and CEO Daniyel Erdberg and received the right to purchase an additional 1 million shares at $6. Because the transaction involved existing shares held by Erdberg, WhaleWatchAlerts noted that it did not create new shares or dilute existing shareholders. The post put Frost’s beneficial ownership at 9.82%.
WhaleWatchAlerts highlighted Frost’s track record, including building IVAX into a multibillion-dollar pharmaceutical company that was sold to Teva for $7.6 billion, later serving as Teva chairman and currently leading OPKO Health. The account also pointed to Safe Pro’s approximately $92 million market capitalization, roughly $10.2 million in cash and less than $600,000 in debt, as well as Q2 revenue of approximately $1.33 million, up more than 1,300% year over year.
The post identified Safe Pro’s position at the intersection of defense, drones and artificial intelligence as another reason to watch the company, citing a U.S. Army order involving its AI-powered threat-detection technology and Red Cat Black Widow drones. Potential catalysts identified by WhaleWatchAlerts include additional defense contracts, expanded SPOTD AI deployments, further Frost accumulation, exercise of Frost’s $6 purchase right, broader military adoption of drone-based threat detection and continued revenue growth. The account also cautioned that Safe Pro remains an early-stage company with relatively small revenue and substantial operating losses and noted the potential for future dilution through an effective shelf registration.
About Safe Pro Group Inc.
Safe 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. The Company is a leading provider of artificial intelligence (AI) solutions specializing in drone imagery processing, leveraging commercially available off-the-shelf drones with its proprietary machine learning and computer vision technology to enable rapid identification of explosive threats, providing a safer and more efficient alternative to traditional human-based analysis methods. Built on a cloud-based ecosystem and powered by Amazon Web Services (AWS), Safe Pro Group’s scalable platform targets multiple markets, including commercial, government, law enforcement, and humanitarian sectors where its Safe Pro AI software, Safe-Pro USA protective gear, and Airborne Response drone-based services can work in synergy to deliver safety and operational efficiency.
For more information on Safe Pro Group Inc., please visit https://safeprogroup.com.
NOTE TO INVESTORS: The latest news and updates relating to SPAI are available in the company’s newsroom at http://ibn.fm/SPAI
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