Swarmer Inc., a company that builds vendor-agnostic autonomy software for drone platforms, said it has priced its initial public offering at $5.00 per share for 3,000,000 shares, according to a company statement.
The offering is expected to generate approximately $15 million in gross proceeds before underwriting fees and other offering expenses. In addition to the primary allotment, Swarmer has granted the underwriters a 30-day option to purchase up to 450,000 additional shares at the same $5.00 price.
Management indicated the company expects its common stock to begin trading on the Nasdaq Capital Market on March 17, 2026, under the ticker symbol "SWMR." The offering is scheduled to close on March 18, 2026.
Planned uses of proceeds
The company said proceeds from the offering will be used to support ongoing operations. Explicit uses listed include expanding capabilities and product offerings, hiring employees, integrating Swarmer's software with drone manufacturer hardware, and other general corporate purposes.
Business description and operations
Swarmer develops vendor-agnostic technologies for military applications, encompassing autonomous swarm coordination and AI-powered collaborative autonomy software. The company's primary customers are drone manufacturers that license Swarmer's software for integration with their hardware platforms.
According to the company, its technology was first deployed in combat operations in Ukraine in April 2024 and has completed more than 100,000 combat missions. Swarmer maintains operations in Ukraine, Poland and Estonia in addition to its Texas headquarters.
Underwriting and regulatory status
Lucid Capital Markets is serving as the sole bookrunner for the offering. The Securities and Exchange Commission declared effective a registration statement on Form S-1 filed by the company on March 16, 2026.
As currently outlined by the company, trading is expected to start March 17, 2026, with the offering closing on March 18, 2026, subject to customary closing conditions.