Safe Pro Group Inc. Common Stock’s Lock-Up Period To Expire Tomorrow (NASDAQ:SPAI)

Safe Pro Group Inc. Common Stock’s (NASDAQ:SPAI) lock-up period is set to 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. After the expiration of Safe Pro Group Inc. Common Stock’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Safe Pro Group Inc. Common Stock Stock Up 4.4 %

NASDAQ:SPAI opened at $4.02 on Friday. Safe Pro Group Inc. Common Stock has a 1 year low of $1.56 and a 1 year high of $6.50. The firm has a 50-day simple moving average of $3.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of Safe Pro Group Inc. Common Stock during the fourth quarter worth about $45,000. Two Sigma Securities LLC acquired a new position in shares of Safe Pro Group Inc. Common Stock during the fourth quarter worth about $81,000. Finally, Cresset Asset Management LLC boosted its position in shares of Safe Pro Group Inc. Common Stock by 16.7% during the fourth quarter. Cresset Asset Management LLC now owns 120,250 shares of the company’s stock worth $461,000 after buying an additional 17,250 shares during the period.

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.