Swarmer shares fell 28.36% after post-IPO selling restrictions expired on about 9.35 million shares, nearly 59% of outstanding equity and most of the public float. Early investors and management acquired their holdings below the $5.00 March 2026 IPO price, leaving a wide gap with the stock's trading level and intensifying potential selling pressure. The decline was also linked to Swarmer's proposed acquisition of Ratel Robotics for up to $224 million in cash and stock, a transaction that could increase dilution while the company remains unprofitable. Swarmer reported $216,000 in second-quarter revenue and a $7.3 million net loss, while broader pressure on high-beta growth stocks was heightened by a 5.07% 10-year Treasury yield ahead of Wednesday's Federal Reserve interest-rate decision. Future FinTech Group shares fell 28.61% after reversing earlier gains following a recent reverse stock split.