Swarmer Prices $15 Million Initial Public Offering
MT Newswires Live
Mar 17
Swarmer said late Monday it has priced its initial public offering of 3 million shares at $5 per share.
Swarmer said it has granted its underwriter, Lucid Capital Markets, a 30-day option to purchase up to an additional 450,000 shares.
The drone autonomy software company said it plans to use the net proceeds for operations, working capital and general corporate purposes. It expects to close the offering March 18.
The shares are expected to begin trading on Nasdaq March 17 under the "SWMR" symbol.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.