Verified SEC Filing/Calendar Year 2026
NASDAQTechnology
$SWMR
MOONSHOT (>+50%)

Swarmer, Inc.

OFFER PRICE$5.00
CURRENT PRICE
$45.91
CUMULATIVE RETURN
+818.20%
PRICING DATE: 3/17/2026SEC FILING SNAPSHOT
SECTION 01 // FORENSIC TEARDOWN

The Seagull Executive Verdict

SURVIVAL RATING: WINNER
WHAT THE BUSINESS DOES

Swarmer builds AI command software (Trident OS and STYX) that lets military operators control autonomous swarms of battlefield drones without needing one pilot per drone.

THE WALL STREET PITCH

The premier public defense-tech pioneer in autonomous drone swarms with battle-tested software in Eastern Europe.

THE COLD REALITY

A microscopic 3-million-share float ($15M raise) triggered an explosive low-float short squeeze to $45.91 (+818%). As the 180-day lock-up approaches, early venture holders face a massive supply dilution window.

SECTION 02 // CAPITAL ALLOCATION

Capital Formation & Float Scarcity

FLAG: TREASURY GROWTH
Gross Proceeds
$15.0M
Cash extracted from market
Post-Money Value
$150.0M
Total company valuation
Public Float %
8.5%
Shares available to public
Secondary Share %
0%
Insider cash extraction
CAPITAL USE ANALYSIS

Proceeds directed to balance sheet and operations.

SECTION 03 // SUPPLY SHOCK AUDITOR

Insider Lock-Up Expiration

VC DUMP RISK: CRITICAL
Expiration Calendar Date
2026-09-13
LOCKUP EXPIRED
Supply Shock Multiplier
4.8x
Float expansion ratio upon unlock
Lockup Duration
180 Days
Contractual restriction window
SECTION 04 // SYNDICATE TELEMETRY

Underwriter Syndicate & Fee Extraction

SPREAD: 7.00%
Gross Underwriting Spread
7.00%
Standard Wall Street fee cut
Estimated Syndicate Take
$1.1M
Total fees stripped from deal
Fee Per Public Share
$0.35
Direct cut per share printed
LEAD BOOKRUNNERS & JOINT MANAGERS
Lucid Capital MarketsBarclaysCitiWells Fargo Securities
SECTION 05 // COHORT BENCHMARK

Sector Peer & Cohort Telemetry

RANK: #1 of 135
2026 Cohort Standing
#1 of 135
Out of 135 total 2026 IPO offerings
Sector Median Return
-8.5%
Technology sector midpoint
Sector Win Rate
36%
% of peer IPOs trading in profit
PERFORMANCE VS PEERS

Swarmer, Inc. is currently trading above the Technology sector median of -8.5%. Across the entire 2026 calendar year cohort, only 36% of Technology offerings have sustained a positive return above their initial offer price.

SECTION 06 // PRIMARY REGULATORY PROVENANCE

SEC Filings & Works Cited

SEC CIK: 0002047819
FORM 424B4 // FINAL PROSPECTUS

The legal contract codifying offer pricing, gross underwriting spread, and lock-up terms.

ACCESS EDGAR ARCHIVE→
FORM S-1 / S-1A // REGISTRATION STATEMENT

Initial company disclosure detailing capitalization structure, risk factors, and financial statements.

ACCESS EDGAR ARCHIVE→
WORKS CITED (MLA 9TH EDITION)

Swarmer, Inc.. "Form 424B4 Prospectus." U.S. Securities and Exchange Commission, 3/17/2026, www.sec.gov/edgar.

United States, Securities and Exchange Commission. “EDGAR System Search & Research Database.” SEC.gov, 2026, www.sec.gov/edgar/searchedgar/companysearch.

TELEMETRY
BITCOIN: $75,240 [▼ 0.60%]///GOLD (OCT 2026 AVG): $4,105.00/oz [▼ 4.95%]///SILVER (OCT 2026 AVG): $57.00/oz [▼ 11.76%]///U.S. DEBT: $40.56T (5 NOV) [■ Treasury]///10Y YIELD: 4.84% [▼ 1.22%]///BITCOIN: $75,240 [▼ 0.60%]///GOLD (OCT 2026 AVG): $4,105.00/oz [▼ 4.95%]///SILVER (OCT 2026 AVG): $57.00/oz [▼ 11.76%]///U.S. DEBT: $40.56T (5 NOV) [■ Treasury]///10Y YIELD: 4.84% [▼ 1.22%]///BITCOIN: $75,240 [▼ 0.60%]///GOLD (OCT 2026 AVG): $4,105.00/oz [▼ 4.95%]///SILVER (OCT 2026 AVG): $57.00/oz [▼ 11.76%]///U.S. DEBT: $40.56T (5 NOV) [■ Treasury]///10Y YIELD: 4.84% [▼ 1.22%]///