Swarmer, Inc. Completes IPO and Converts Preferred Stock

Summary

Swarmer, Inc. has successfully completed its initial public offering (IPO) of 3,450,000 shares of common stock at a price of $5.00 per share, raising approximately $17.3 million in gross proceeds. The IPO included the underwriter's full exercise of the overallotment option, resulting in the issuance of an additional 450,000 shares. In connection with the IPO, the company's Series A Preferred Stock converted into 6,137,634 shares of common stock and pre-funded warrants to purchase up to 1,799,970 shares of common stock. The company also approved its 2026 Equity Incentive Plan and amended its Certificate of Incorporation and Bylaws in conjunction with the IPO. The common stock began trading on the Nasdaq Capital Market on March 17, 2026, under the ticker symbol 'SWMR'.