Safe Pro Group Inc. (NASDAQ: SPAI) announced it has repurchased 400,000 shares as of April 17, 2026, under the $3.0 million share repurchase program approved in December 2025. The repurchased shares represent approximately 3.5% of the company's public float, demonstrating continued execution of its capital allocation strategy. The company funded these repurchases through operating cash flow and its strong balance sheet, which included $16.7 million in cash and no debt at year-end 2025.
The buyback program reflects Safe Pro's commitment to delivering shareholder value while maintaining financial flexibility. The company stated it may continue opportunistic buybacks while investing in its AI-enabled defense and security platform and long-term growth initiatives. This dual focus on returning capital to shareholders and funding innovation underscores management's confidence in the company's financial health and growth prospects.
Safe Pro Group is a mission-driven technology company delivering AI-enabled security and defense solutions. Through platforms like SPOTD, the company provides advanced situational awareness tools for defense, humanitarian, and homeland security applications globally. It specializes in drone imagery processing using commercially available drones combined with proprietary machine learning and computer vision technology to rapidly identify explosives threats, offering a safer and more efficient alternative to traditional human-based analysis.
Built on a cloud-based ecosystem powered by Amazon Web Services (AWS), Safe Pro's scalable platform targets multiple markets, including commercial, government, law enforcement, and humanitarian sectors. The company's products, such as Safe Pro AI software, Safe-Pro USA protective gear, and Airborne Response drone-based services, work in synergy to deliver safety and operational efficiency.
The share repurchase announcement comes as Safe Pro continues to strengthen its position in the defense and security sector. With a debt-free balance sheet and substantial cash reserves, the company is well-positioned to pursue both organic growth and strategic acquisitions. Investors can follow the latest news and updates relating to SPAI in the company's newsroom at http://ibn.fm/SPAI.
For more information on Safe Pro Group Inc., visit https://safeprogroup.com/. To view the full press release, visit https://ibn.fm/HcAav.
