Firefly Automatix, which makes electric turfgrass harvesters and autonomous golf course mowers, withdrew its plans for an initial public offering on Monday. It had filed to raise $25 million by offering 4.5 million shares at a price range of $4.50 to $6.50.
The Salt Lake City, UT-based company was founded in 2010 and booked $48 million in revenue for the 12 months ended September 30, 2025. It had planned to list on the Nasdaq under the symbol FFLY. Roth Capital and Lake Street Capital Markets were set to be the joint bookrunners on the deal.
