Swarmer jumps a day after strong Nasdaq debut

Shares of drone autonomy software company Swarmer SWMR.O surge 50% to $46.5 in premarket trading a day after Nasdaq debut

SWMR opened at $13 vs IPO price of $5 on Tuesday and closed at $31, marking a more-than-six-fold jump on the day

Co which supports operations in Ukraine valued at $382.8 mln as of last closing price after offering 3 mln shares in Tuesday IPO

SWMR intends to use net proceeds from offering for funding of ongoing operations, including expansion of capabilities and our product offering, hiring employees, integration with the hardware of drone manufacturers, and for working capital and other general corporate purposes

Lucid Capital Markets acting as sole bookrunner for offering