Swarmer shares surge 660% intraday on Nasdaq IPO debut after.

Swarmer (SWMR) surged 660% intraday following its Nasdaq IPO debut. The stock opened at $12.50 after pricing at $5 per share for 3 million shares, reflecting strong investor demand for the drone-software company’s AI-driven swarm control systems. The firm, founded in Ukraine during the war and based in Austin, targets military reconnaissance and logistics automation, with core products including a drone operating system and AI command platform. The surge aligns with its $15 million IPO proceeds aimed at expanding drone automation technology, attracting attention from market participants interested in its intersection of AI and defense applications. While the company remains small with limited revenue, its innovative positioning in high-growth sectors fueled enthusiasm, despite skepticism about long-term commercialization potential.