1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. ๐ Posts
Discussion
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1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. ๐ Posts
Discussion
1. Investment Snapshot
2. Capital Structure
3. Valuation
Discussion
Symbol
SWMR
Event Date
2026-03-17
Sector
Information Technology
Subsector
Software
Offer Range
โ
Shares Offered
3M
Shares Outstanding Pre-IPO
17.87M
22.67M
โ
Implied Upside vs Midpoint
$00.00Description
โ
Post-IPO economic shares by class.
| Class | Shares | % Economic |
|---|---|---|
Common Stock (listed) 1 vote per share | 14.21M | 62.7% |
Series A convertible preferred stock (all series aggregated pre-conversion) Votes with common stock on an as-converted basis; certain series had director election and holder consent rights while outstanding ยท Convertible into common stock at contractual conversion prices; holders converted to common stock and pre-funded warrants upon IPO (see prospectus for series-specific terms) | 3.66M | 16.1% |
Pre-funded Warrants (issued in lieu of common on conversion) None until exercised into common stock ยท 1 pre-funded warrant = 1 share common stock upon exercise | 1.8M | 7.9% |
Common Stock Warrants None until exercised into common stock ยท 1 warrant = 1 share common stock upon exercise | 3M | 13.2% |
| Total economic shares | 22.67M | 100% |