other material
confidence high
sentiment positive
materiality 0.85
Swarmer closes IPO of 3.45M shares at $5.00, raising $17.3M gross
Swarmer, Inc
- IPO of 3,450,000 shares (incl. full overallotment) priced at $5.00/share; gross proceeds $17.3M.
- Net proceeds of ~$14.7M after underwriting discounts and expenses.
- Proceeds to fund operations, product expansion, hiring, and general corporate purposes.
- Series A Preferred converted into 6.14M common shares and pre-funded warrants for 1.8M shares.
- Common stock began trading on Nasdaq on March 17 under ticker SWMR.