---
title: "Swarmer Sets Up 24-Month Equity Purchase Facility With Lucid; Files S-1 for Resale"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289378556.md"
description: "Swarmer established a 24-month equity purchase facility with Lucid Capital Markets, allowing sales of up to 3 million shares. To support this, Swarmer filed an S-1 registration statement and granted Lucid registration rights. Additionally, Seaport Global Securities was engaged as the qualified independent underwriter for the offering, with fees capped at $55,000."
datetime: "2026-06-10T21:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289378556.md)
  - [en](https://longbridge.com/en/news/289378556.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289378556.md)
---

# Swarmer Sets Up 24-Month Equity Purchase Facility With Lucid; Files S-1 for Resale

Swarmer announced a 24-month equity purchase facility with Lucid Capital Markets, allowing the company to sell up to the lesser of 3,000,000 shares or the Exchange Cap at 98% of VWAP, subject to price and volume thresholds. The company retains full discretion over timing and size of sales, and may also execute intraday purchases. To support the facility, Swarmer entered into a Registration Rights Agreement with Lucid and filed an initial Form S-1 on June 10, 2026, with commitments to file additional registration statements as needed. Swarmer also engaged Seaport Global Securities as the qualified independent underwriter for the S-1, reimbursing fees up to $55,000.

**Agreement 1: Swarmer Sets Up 24-Month Equity Purchase Facility With Lucid Capital Markets for Up to 3M Shares**

-   **Agreement type**: Common Stock Purchase Agreement (equity line financing)
-   **Counterparty**: Lucid Capital Markets
-   **Signed / Effective**: Jun 10 2026 / same
-   **Duration / Termination**: 24 months from Commencement
-   **Reason**: Flexible access to equity capital for operations and growth

**Agreement 2: Swarmer Files S-1 and Grants Lucid Registration Rights to Support Equity Facility**

-   **Agreement type**: Registration Rights Agreement
-   **Counterparty**: Lucid Capital Markets
-   **Signed / Effective**: Jun 10 2026 / same
-   **Duration / Termination**: Until resale registration obligations satisfied
-   **Reason**: Enable resale of shares under the purchase facility

**Agreement 3: Swarmer Engages Seaport Global as Qualified Independent Underwriter for S-1; Fees Up to $55,000**

-   **Agreement type**: Qualified independent underwriter engagement for S-1
-   **Counterparty**: Seaport Global Securities
-   **Signed / Effective**: Jun 10 2026 / same
-   **Duration / Termination**: Engagement for S-1 offering
-   **Reason**: Comply with FINRA Rule 5121 and support registration

Original SEC Filing: Swarmer, Inc \[ SWMR \] - 8-K - Jun. 10, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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