Recent Updates — SWMR
At a special meeting on November 2, 2026, Swarmer, Inc. stockholders approved the issuance of up to 5,487,067 shares of common stock in connection with its acquisition of Ratel Robotics, a Ukrainian limited liability company. The vote included approval for 1,064,942 shares issued at closing and up to 4,422,125 additional shares contingent on earnout targets. Swarmer operates in the robotics industry.
On September 9, 2026, Swarmer, Inc. announced the execution of a definitive agreement to acquire 100% of Ratel Robotics, a Ukrainian manufacturer of unmanned ground vehicles (UGVs). The total consideration is valued at up to $224 million if all earnout milestones are met, comprising an estimated $7.2 million in cash and approximately 1.065 million shares of common stock at closing. Additional contingent payments include up to $7.2 million in cash and up to 4.423 million shares based on revenue and operating income targets for fiscal years 2026 through 2028. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals, including from the Antimonopoly Committee of Ukraine, and stockholder approval for the equity issuance under Nasdaq rules. Swarmer operates as a defense technology company specializing in autonomy software for unmanned systems.
Swarmer, Inc. reported financial results for the second quarter ended June 30, 2026. Revenue increased to $216,413 from $138,206 in the prior year period, driven by license revenue under the SkyKnight program. Operating expenses rose significantly to $7.5 million compared to $854,847, resulting in a net loss of $(7.3) million versus $(1.6) million previously. Cash and cash equivalents totaled $25.3 million at quarter-end, bolstered by approximately $16.0 million from its IPO proceeds and an equity line of credit. The company expanded its SkyKnight contracted license value to $3.9 million with potential maximums reaching $14.2 million. Swarmer operates in the defense technology industry, specializing in vendor-agnostic autonomy software for unmanned aerial systems.
On July 26, 2026, Serhii Kupriienko resigned as Chief Executive Officer (Global) of Swarmer, Inc., effective immediately. He will remain on the Board until the 2029 annual meeting. Alexander Fink, CEO (U.S.), continues as principal executive officer. The company does not intend to appoint a successor for the Global CEO role at this time. Kupriienko also resigned from his position at subsidiary Autonomous Robotics Systems LLC. He is entitled to accrued compensation and benefits per his employment agreement. Swarmer, Inc. operates in the autonomous robotics industry.