other material
confidence high
sentiment positive
materiality 0.60
Swarmer amends MB license deal and signs new $1.4M MSA with Progress TRW
Swarmer, Inc
- Amended MB MSA reduces initial license fees to ~$2.5M and eliminates upgrade option.
- New Progress MSA adds ~$1.4M initial fees, with potential $10.4M in upgrade fees.
- Total initial lump-sum license fees from both agreements are ~$3.9M.
- Both MSAs have one-year initial term, auto-renew, and 30-day termination notice.