Ukrainian defence start-up is listed on US Nasdaq exchange
Swarmer, a Ukrainian defence tech start-up, completed its initial public offering on The Nasdaq Capital Market on 17 March.
Source: The Nasdaq Capital Market website
Details: The company's shares are trading on Nasdaq under the ticker symbol SWMR.
Swarmer announced the pricing of its IPO at 3,000,000 ordinary shares at US$5.00 per share.
The company also granted a 30-day option to purchase an additional 450,000 shares at the public offering price, net of underwriting discounts and commissions.
Swarmer is listed on The Nasdaq Capital Market, a stock market tier for companies with a market capitalisation of up to US$2 billion.
As of the morning of 18 March, the company's shares were trading at US$31 per share.
The company, founded in 2023 by Serhii Kupriienko and Alex Fink, is engaged in developing an artificial intelligence platform for the automated management of drone groups, enabling a single operator to oversee up to 25 drones functioning in coordination.
The platform's algorithms have been trained on data from more than 100,000 combat sorties, which enables the AI to replicate the tactics of experienced operators and operate effectively even in conditions of electronic warfare interference.
Lucid Capital Markets organised the Ukrainian defence start-up's share placement.
Background:
- In 2025, Swarmer attracted the largest amount of investment among defence tech start-ups – US$15 million.
- In 2024, the company closed a US$2.7 million investment round to develop coordinated drone swarm technology.
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