Swarmer Inc’s (NASDAQ:SWMR) Quiet Period To End on April 27th

Swarmer’s (NASDAQ:SWMR) quiet period is set to end on Monday, April 27th. Swarmer had issued 3,000,000 shares in its initial public offering on March 17th. The total size of the offering was $15,000,000 based on an initial share price of $5.00. During Swarmer’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Swarmer to a “hold” rating in a research note on Saturday, March 21st.

Swarmer Price Performance

NASDAQ:SWMR opened at $38.29 on Friday. Swarmer has a 1 year low of $11.25 and a 1 year high of $68.97.

Swarmer Company Profile

We are launching the future of autonomous warfare through combat-proven software that enables military forces to deploy and coordinate drone swarms at significant scale. While hardware manufacturers compete and as the go-to in an increasingly commoditized market, we seek to establish ourself as a critical software layer operating system for autonomous swarm operations positioning us to capture increased value as the global military drone market experiences growth projected to exceed 12% compound annual growth through 2030.