What Happened
Swarmer Secures Additional Funding Through Lucid Liquidity Line
Swarmer, Inc. has updated its resale registration to cover up to 3,000,000 shares of common stock that may be sold by Lucid Capital Markets, LLC. The shares are part of a common stock purchase agreement, under which Swarmer may sell shares to Lucid over 24 months. Swarmer will not receive proceeds from Lucid’s resales but may receive up to $181 million in gross proceeds from Lucid if all shares are sold. The company also announced a pending acquisition of Ratel Robotics for $7.2 million and shares. This development was first reported by Stock Titan.