Swarmer Announces Pricing of Initial Public Offering (Form 8-K)

Swarmer Announces Pricing of Initial Public Offering

Austin, TX - March 16, 2026 - Swarmer, Inc ("Swarmer"), a drone autonomy software company supporting operations in Ukraine, today announced the pricing of its initial public offering (the "Offering") of 3,000,000 shares of its common stock (the "Common Stock") at a public offering price of $5.00 per share. All of the shares of Common Stock are being offered by Swarmer. The gross proceeds from the Offering, before deducting underwriting discounts and commissions and other offering expenses payable by Swarmer, are expected to be approximately $15.0 million. Swarmer intends to use net proceeds from this Offering for funding of ongoing operations, including expansion of capabilities and our product offering, hiring employees, integration with the hardware of drone manufacturers, and for working capital and other general corporate purposes

In addition, Swarmer has granted the underwriter a 30-day option to purchase up to an additional 450,000 shares of its Common Stock at the public offering price, less underwriting discounts and commissions.

Swarmer's Common Stock is expected to begin trading on the Nasdaq Capital Market on March 17, 2026, under the ticker symbol "SWMR." The Offering is expected to close on or about March 18, 2026, subject to the satisfaction of customary closing conditions.

Lucid Capital Markets is acting as sole bookrunner for the Offering.

A registration statement on Form S-1 (File No. 333-293123), as amended, relating to the Common Stock being sold in the Offering has been filed with the U.S. Securities and Exchange Commission (the "SEC") and became effective on March 16, 2026. A preliminary prospectus related to the Offering has been filed with the SEC and can be accessed through the SEC's website at www.sec.gov. The Offering is being made only by means of a written prospectus. A copy of the final prospectus related to the Offering will be filed with the SEC, and may be obtained, when available, from: Lucid Capital Markets, LLC, 570 Lexington Avenue, 40th Floor, New York, NY 10022.