Swarmer Inc., a drone autonomy software company, priced its initial public offering at $5.00 per share for 3 million shares, according to a company statement. The Austin-based company expects to raise approximately $15 million in gross proceeds before deducting underwriting fees and other expenses.

The company granted underwriters a 30-day option to purchase an additional 450,000 shares at the same price. Swarmer's common stock is expected to begin trading on the Nasdaq Capital Market on March 17, 2026, under the ticker symbol "SWMR." The offering is scheduled to close on March 18, 2026.

Swarmer plans to use proceeds for ongoing operations, including expanding capabilities and product offerings, hiring employees, integrating with drone manufacturer hardware, and general corporate purposes. Lucid Capital Markets is serving as sole bookrunner for the offering.

The company develops vendor-agnostic technologies for military applications, including autonomous swarm coordination and AI-powered collaborative autonomy software. Its primary customers are drone manufacturers who license Swarmer's software for integration with their hardware platforms.

According to the company, its technology was first deployed in combat operations in Ukraine in April 2024 and has completed more than 100,000 combat missions. Swarmer maintains operations in Ukraine, Poland and Estonia in addition to its Texas headquarters.

The Securities and Exchange Commission declared effective a registration statement on Form S-1 filed by the company on March 16, 2026.