Austin, Texas-based Swarmer (SWMR) priced its small IPO at $5.00 – the mid-point of its $4.00-to-$6.00 range – and sold 3 million shares – the number of shares in the prospectus – to raise $15 million on Monday night, March 16, 2026.
Swarmer’s stock surged in its NASDAQ debut today – Tuesday, March 17, 2026 – opening at $12.50 and then hitting an intraday high of $32.45. Swarmer was trading at $28.49 at around 1:42 p.m. EDT on volume of about 4.48 million shares.
Lucid Capital Markets served as the sole book-runner.
Swarmer is a drone software company that says its software can be used with drones from any manufacturer. The company said it has maintained continuous combat deployment in Ukraine since April 2024, executing over 100,000 combat missions flown by drones that were equipped with its Trident Embedded Drone Operating System (Trident OS). In addition to its corporate headquarters in Austin, Texas, and its operations in Ukraine, Swarmer also has operations in Poland and Estonia.
The company is not profitable. For the 12 months that ended on Dec. 31, 2025, Swarmer reported a net loss of $8.53 million on revenue of $0.31 million, according to the prospectus.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
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