Swarmer Enters Common Stock Purchase Agreement for up to 3,000,000 Shares

Swarmer, Inc. (SWMR) has entered into a Common Stock Purchase Agreement with Lucid Capital Markets, LLC, providing the company with the right, but not the obligation, to sell up to 3,000,000 shares of its common stock. The agreement, dated June 10, 2026, establishes an equity financing facility that Swarmer can utilize at its discretion over a 24-month period.

Key Details

• Agreement: The company can sell up to 3,000,000 shares of its common stock to Lucid Capital Markets over a 24-month term, subject to an effective registration statement.
• Sale Terms: Sales are at Swarmer's sole option. The purchase price will be 98% of the volume-weighted average price (VWAP) on the sale date. A sale can only be initiated if the stock's prior-day closing price is at least $1.00.
• Limitations: Individual purchases are capped at 250,000 shares, and Lucid's total beneficial ownership is limited to 4.99% of outstanding shares.
• Use of Proceeds: Proceeds are intended for funding ongoing operations, product expansion, hiring, potential technology acquisitions, and general working capital.