SEC Form SC 13D filed by Safe Pro Group Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. )*

Safe Pro Group Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

78642D 101

(CUSIP Number)

Pravin Borkar

18305 Biscayne Blvd. Suite 222

Aventura, Florida 33160

(786) 409-4030

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

August 29, 2024

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(1) Consists of 750,000 shares of the Issuer’s common stock held indirectly by the Reporting Person from the conversion of 3,000,000 shares of Preferred Series A held in the name of American Protection Works, Inc., of which the Reporting Person owns jointly with his spouse. The Reporting Person’s spouse is the President of American Protection Works, Inc. and has voting control and dispositive power over the shares held by American Protection Works, Inc.

(1) Consists of 750,000 shares of the Issuer’s common stock held indirectly by the Reporting Person from the conversion of 3,000,000 shares of Preferred Series A held in the name of American Protection Works, Inc., of which the Reporting Person owns jointly with his spouse. The Reporting Person’s spouse is the President of American Protection Works, Inc. and has voting control and dispositive power over the shares held by American Protection Works, Inc.

This statement on Schedule 13D (the “Schedule 13D”) relates to the common stock, par value $0.0001 per share (“Common Stock”), of Safe Pro Group Inc., a Delaware corporation (the “Issuer”). The principal executive offices of the Issuer are located at 18305 Biscayne Blvd., Suite 222, Aventura, Florida 33160.

(a) This Schedule 13D is filed jointly by Pravin Borkar and American Protection Works, Inc. (the “Reporting Persons”).

(b) The principal business address of the Reporting Persons is 18305 Biscayne Blvd., Suite 222, Aventura, Florida 33160.

(c) Mr. Borkar is the Chief Technical Officer and a Director of the Issuer.

(d) During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgement, decree or final order enjoining future violations of or prohibiting or mandating activities subject to, federal or state securities laws or finding violation with respect to such laws.

(f) Mr. Borkar is a citizen of the United States. American Protection Works, Inc. is a Florida corporation.

On June 7, 2022, the Issuer acquired 100% of Safe-Pro USA LLC. Mr. Borkar was the owner of 100% of the member units of Safe-Pro USA at the time of the acquisition. Mr. Borkar received 3,000,000 shares of the Issuer’s Series A Preferred Stock as payment for his ownership interest in Safe-Pro USA representing 100% of the Series A Preferred Stock issued as part of the transaction. The Series A Preferred Stock was converted into 1,500,000 shares of common stock at the completion of the Issuer’s initial public offering.

The Reporting Persons acquired the securities reported herein for investment in the ordinary course of business because of their belief that the Issuer represents an attractive investment based on the Issuer’s business prospects and strategy. The Reporting Persons reserve the right to acquire, or cause to be acquired, additional securities of the Issuer, to dispose of, or cause to be disposed of, such securities at any time or to formulate other purposes, plans or proposals regarding the Issuer or any of its securities, to the extent deemed advisable in light of general investment and trading policies of the Reporting Persons, market conditions or other factors.

Except as set forth in this Schedule 13D, the Reporting Persons do not have any plan or proposal that would relate to, or result in, any of the following matters:

(a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;

(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;

(c) A sale or transfer of a material amount of assets of the Issuer or of any of its subsidiaries;

(d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;

(e) Any material change in the present capitalization or dividend policy of the Issuer;

(f) Any other material change in the Issuer’s business or corporate structure;

(g) Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person;

(h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

(i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or

(j) Any action similar to any of those enumerated above.

The Reporting Persons reserve the right to propose or participate in future transactions which may result in one or more of the above listed actions, including but not limited to, an extraordinary corporate transaction, such as a merger, reorganization or liquidation, sale of a material amount of assets of the Issuer or its subsidiaries, or other transactions which might have the effect of causing the common stock to become eligible for termination of registration under Section 12(g) of the Act. The Reporting Persons also retain the right to change his investment intent at any time, to acquire additional shares of common stock or other securities of the Issuer from time to time, or to sell or otherwise dispose of all or part of the common stock beneficially owned by him (or any shares of common stock into which such securities are converted) in any manner permitted by law. The Reporting Persons may engage from time to time in ordinary course transactions with financial institutions with respect to the securities described herein.

(a) - (b) As described in Item 4, the Reporting Persons are deemed the beneficial owners of 1,500,000 shares of Common Stock, representing approximately 11.0% of the outstanding shares.

The aggregate percentage of Common Stock beneficially owned by the Reporting Persons is calculated based upon 13,680,249 shares of Common Stock outstanding, as reported by the Issuer in its Form S-1 file number 333-280599.

Mr. Borkar has the sole power to (i) vote or direct the voting and (ii) dispose or direct the disposition of 750,000 shares of Common Stock beneficially owned by Mr. Borkar. Mr. Borkar’s spouse has the sole power to (i) vote or direct the voting and (ii) dispose or direct the disposition of 750,000 shares of Common Stock beneficially owned by Mr. Borkar, but indirectly owned by American Protection Works, Inc., of which the Mr. Borkar’s spouse is President.

(c) Other than the transactions described in Items 3 and 4 above, the Reporting Persons have not effected any transactions in the Common Stock in the past 60 days.

(d) Not applicable.

(e) Not applicable.

Other than the agreements described in Item 4 and Item 7 and relationships described in Item 2, as of the date hereof, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the person named in Item 2 hereof and between such person and any person with respect to any securities of the Issuer.

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.