On June 10, 2026, Swarmer, Inc entered into a Common Stock Purchase Agreement and a Registration Rights Agreement with Lucid Capital Markets, LLC. The agreement grants Swarmer the right, but not the obligation, to sell up to 3,000,000 shares of common stock to Lucid over a 24-month period. Purchases are subject to a minimum closing price of $1.00 and a cap ensuring Lucid does not own more than 4.99% of outstanding shares. The purchase price for shares will be 98% of the volume weighted average price (VWAP) during the applicable valuation period. Proceeds will be used for ongoing operations, product expansion, hiring, and working capital. Swarmer operates in the defense technology industry, providing software and integration for drone manufacturers to be used on the battlefield.
