---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-106499"
form_type: "8-K"
ticker: "SWMR"
cik: "0002092574"
company_name: "Swarmer, Inc"
filed_at: "2026-09-10T10:13:27+00:00"
generated_at: "2026-09-10T10:15:10.528944+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Swarmer to acquire Ratel Robotics for up to $224M in cash and stock

## Summary
- Deal: $7.2M cash at close, 1,064,942 shares, plus earnouts up to $7.2M cash and 4,422,125 shares based on 2026-2028 targets.
- Ratel has $86M in 2026 contracts, 300+ employees; its UGVs represent ~37% of Ukrainian MoD UGV procurement spend.
- Closing expected Q4 2026, subject to shareholder approval for stock issuance, Ukrainian antitrust clearance, and other conditions.
- Ratel founder Taras Ostapchuk will remain CEO, reporting to Swarmer President Alex Fink; pro forma headcount ~500.
- Chairman Erik Prince calls this Swarmer's first major acquisition, expanding into combat-proven UGV platforms.

## SEC filing metadata
- accession: 0001104659-26-106499
- form_type: 8-K
- ticker: SWMR
- cik: 0002092574
- company_name: Swarmer, Inc
- filed_at: 2026-09-10T10:13:27+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2092574/000110465926106499/0001104659-26-106499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2092574/000110465926106499/tm2625021d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-106499
- JSON: https://secwatch.observer/filing/0001104659-26-106499.json
- Plain text: https://secwatch.observer/filing/0001104659-26-106499.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.