Safe Pro Group Inc. (NASDAQ: SPAI) has repurchased 400,000 shares of its common stock as of April 17, representing approximately 3.5% of the company's roughly 11,600,000 shares held by non-affiliates, according to a company statement.

The artificial intelligence-enabled defense and security solutions provider initiated the share repurchase program in December 2025 when its board authorized buybacks of up to $3.0 million of outstanding common stock. The company has been conducting open market purchases under this authorization since the program began.

Safe Pro funded the repurchases through operating cash flow from U.S. Government subcontract work completed in the first quarter of 2026 and its existing balance sheet. The company reported $16.7 million in cash and no debt as of December 31, 2025.

The company's financial position was strengthened by a $14 million equity investment completed in October 2025 at $7.00 per share.

"Executing against our authorized share repurchase program is an important component of our broader capital allocation framework," said Dan Erdberg, Chief Executive Officer of Safe Pro. "We are investing in high-return AI-enabled defense and security solutions, organically and with strategic partners, while also returning capital to shareholders when we see a significant disconnect between our share price and our view of Safe Pro's intrinsic value and long-term cash flow potential."

Safe Pro may continue repurchasing shares in the open market or through privately negotiated transactions, subject to market conditions and regulatory compliance, including SEC Rules 10b5-1 and 10b-18.

The company provides AI-enabled security and defense solutions through platforms including SPOTD, which offers situational awareness tools for defense, humanitarian, and homeland security applications globally.