Swarmer prices Nasdaq initial public offering at $5 per share
Evidence notes
- Swarmer priced its IPO at $5 per share, offering 3,000,000 shares of common stock.
- The company said it expected gross proceeds of $15M before underwriting discounts and offering expenses.
- The shares were approved for listing on the Nasdaq Capital Market under the ticker SWMR.
Company context
Defence autonomy software company building collaborative autonomy, swarm coordination, and command-and-control software for large numbers of low-cost unmanned systems. The company does not manufacture drones itself and instead operates at the intelligence and coordination layer across vendor-agnostic aerial and multi-domain robotic platforms.