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Story summary
- Swarmer Inc., an AI drone software company in Austin, Texas, saw its shares rise more than 700% on debut.
- It priced 3 million shares at $5, valuing the company at over $60 million at the outset, with end-day market cap near $500 million.
- Swarmer reported 2025 revenue of $309,920 and a net loss of about $8.5 million.
- Its technology has supported more than 100,000 missions in Ukraine since April 2024.
