Overview
- Swarmer listed on March 17 at $5 per share (ticker SWMR), opening at $12.50 and briefly trading near $40 during a session marked by multiple volatility halts.
- Shares finished their first day at $31, more than 500% above the IPO price, before rising another 77% on Wednesday to close at $55, according to Benzinga.
- The company said it closed the IPO with the underwriters’ option fully exercised, reporting approximately $14.7 million in net proceeds after fees and expenses.
- Swarmer reports its autonomy platform has supported more than 100,000 combat missions in Ukraine and is designed to be vendor-agnostic for integration across drone hardware.
- Public filings cite a firm backlog of about $16.3 million and an additional pipeline near $16.8 million, with proceeds earmarked for hiring, product development, and hardware integrations.