Safe Pro Group Inc. Common Stock’s Lock-Up Period Set To End on February 24th (NASDAQ:SPAI)

Safe Pro Group Inc. Common Stock’s (NASDAQ:SPAI) lock-up period will end on Monday, February 24th. Safe Pro Group Inc. Common Stock had issued 1,020,000 shares in its initial public offering on August 28th. The total size of the offering was $5,100,000 based on an initial share price of $5.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Safe Pro Group Inc. Common Stock Trading Down 5.4 %

SPAI stock opened at $3.85 on Friday. Safe Pro Group Inc. Common Stock has a 12-month low of $1.56 and a 12-month high of $6.50. The firm’s 50 day moving average price is $3.50.

Institutional Investors Weigh In On Safe Pro Group Inc. Common Stock

Several institutional investors and hedge funds have recently made changes to their positions in SPAI. Two Sigma Securities LLC acquired a new stake in shares of Safe Pro Group Inc. Common Stock during the 4th quarter valued at approximately $81,000. Cresset Asset Management LLC raised its position in shares of Safe Pro Group Inc. Common Stock by 16.7% during the 4th quarter. Cresset Asset Management LLC now owns 120,250 shares of the company’s stock valued at $461,000 after acquiring an additional 17,250 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Safe Pro Group Inc. Common Stock in the fourth quarter worth $45,000.

Safe Pro Group Inc. Common Stock Company Profile

Safe Pro Group, Inc engages in the provision and acquisition of security and protection products. Its products include Artificial Intelligence (AI) and Machine Learning (ML) software technology and photogrammetry analysis tools, bullet and blast resistant personal protection equipment, and aerial managed services and mission-critical uncrewed solutions.