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SEC Comment Letter 0000000000-24-008787 to Safe Pro Group Inc. (SPAI)

Safe Pro Group Inc.
Date: Aug. 1, 2024 · CIK: 0002011208 · Accession: 0000000000-24-008787

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File numbers found in text: 333-280599

Date
August 1, 2024
Author
Kristin Lochhead
Form
UPLOAD
Company
Safe Pro Group Inc.

Letter

August 1, 2024 Daniyel Erdberg Chief Executive Officer Safe Pro Group Inc. 18305 Biscayne Blvd. Suite 222 Aventura, FL 33160 Re:Safe Pro Group Inc. Amendment No. 1 to Registration Statement on Form S-1 Filed July 19, 2024 File No. 333-280599 Dear Daniyel Erdberg: We have reviewed your amended registration statement and have the following comments. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our July 15, 2024 letter. Amendment No. 1 to Registration Statement on Form S-1 Cover Page 1.We note your revised disclosure in response to prior comment 2 and reissue in part. Please further revise your cover page to disclose that your officers and directors will have the ability to substantially influence all matters submitted to your stockholders for approval and to substantially influence or control your operations, management, and affairs. Also, please revise your prospectus summary to include a discussion of your "controlled company" status, and whether you intend to rely on "controlled company" elections. June and July 2024 Promissory Notes, page II-4 We note your disclosure here and throughout the filing that you entered into a promissory note on July 12, 2024 with "an individual." In addition, we note that Exhibit 4.3 includes a 2.

August 1, 2024 Page 2 Promissory Note between the Company and an accredited investor, entered into as of July 11, 2024. Please clarify whether these are the same notes, and, if applicable, revise to refer to the date of the note consistently. Please also identify the "individual" and "accredited investor" with which you entered into the note(s), or provide us with your analysis as to why this is not required. Selling Stockholders, page Alt-4 3.We note your revised disclosure in response to prior comment 4. Please revise your disclosure to include additional details regarding the transactions described. Your disclosure should include the dates of the relevant transactions or sales agreements and any consideration received by the company in exchange for the shares. General 4.We note that Section 21 of the Certificate of Incorporation (Exhibit 3.1) and Section 7.4 of the Amended and Restated Bylaws (Exhibit 3.2) include exclusive forum provisions. Please revise to add risk factor disclosure related to these provisions, including risks related to increased costs for investors to bring a claim and that these provisions can discourage claims or limit investors' ability to bring a claim in a judicial forum that they find favorable. In an appropriate place in your filing, please include disclosure clearly describing the provision, including the relevant forum for litigation, any subject matter jurisdiction carve out, and questions of enforceability. Please contact Kristin Lochhead at 202-551-3664 or Li Xiao at 202-551-4391 if you have questions regarding comments on the financial statements and related matters. Please contact Benjamin Richie at 202-551-7857 or Katherine Bagley at 202-551-2545 with any other questions. Sincerely, Division of Corporation Finance Office of Industrial Applications and Services cc:Cavas S. Pavri

Show Raw Text
August 1, 2024
Daniyel Erdberg
Chief Executive Officer
Safe Pro Group Inc.
18305 Biscayne Blvd. Suite 222
Aventura, FL 33160
Re:Safe Pro Group Inc.
Amendment No. 1 to Registration Statement on Form S-1
Filed July 19, 2024
File No. 333-280599
Dear Daniyel Erdberg:
            We have reviewed your amended registration statement and have the following
comments.
            Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
            After reviewing any amendment to your registration statement and the information you
provide in response to this letter, we may have additional comments. Unless we note otherwise,
any references to prior comments are to comments in our July 15, 2024 letter.
Amendment No. 1 to Registration Statement on Form S-1
Cover Page
1.We note your revised disclosure in response to prior comment 2 and reissue in part. Please
further revise your cover page to disclose that your officers and directors will have the
ability to substantially influence all matters submitted to your stockholders for approval
and to substantially influence or control your operations, management, and
affairs. Also, please revise your prospectus summary to include a discussion of
your "controlled company" status, and whether you intend to rely on "controlled
company" elections.
June and July 2024 Promissory Notes, page II-4
We note your disclosure here and throughout the filing that you entered into a promissory
note on July 12, 2024 with "an individual." In addition, we note that Exhibit 4.3 includes a 2.

August 1, 2024
Page 2
Promissory Note between the Company and an accredited investor, entered into as of July
11, 2024. Please clarify whether these are the same notes, and, if applicable, revise to
refer to the date of the note consistently. Please also identify the "individual" and
"accredited investor" with which you entered into the note(s), or provide us with your
analysis as to why this is not required.
Selling Stockholders, page Alt-4
3.We note your revised disclosure in response to prior comment 4. Please revise your
disclosure to include additional details regarding the transactions described. Your
disclosure should include the dates of the relevant transactions or sales agreements and
any consideration received by the company in exchange for the shares.
General
4.We note that Section 21 of the Certificate of Incorporation (Exhibit 3.1) and Section
7.4 of the Amended and Restated Bylaws (Exhibit 3.2) include exclusive
forum provisions. Please revise to add risk factor disclosure related to these provisions,
including risks related to increased costs for investors to bring a claim and that these
provisions can discourage claims or limit investors' ability to bring a claim in a judicial
forum that they find favorable. In an appropriate place in your filing, please include
disclosure clearly describing the provision, including the relevant forum for litigation, any
subject matter jurisdiction carve out, and questions of enforceability.
            Please contact Kristin Lochhead at 202-551-3664 or Li Xiao at 202-551-4391 if you have
questions regarding comments on the financial statements and related matters. Please contact
Benjamin Richie at 202-551-7857 or Katherine Bagley at 202-551-2545 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Industrial Applications and
Services
cc:Cavas S. Pavri