# EDGAR Filing Document

**Accession Number:** 0001660851
**File Stem:** 0000000000-25-007455
**Filing Date:** 2025-7
**Character Count:** 10447
**Document Hash:** d062428dc0b42218caa41a06327c721b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-007455.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000000000-25-007455

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250715

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FireFly Automatix, Inc.
- **CENTRAL INDEX KEY:** 0001660851
- **STANDARD INDUSTRIAL CLASSIFICATION:** FARM MACHINERY & EQUIPMENT [3523]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 271718121
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-07935

**BUSINESS ADDRESS:**
- **STREET 1:** 1130 SOUTH 3800 WEST, SUITE 100
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84104
- **BUSINESS PHONE:** 801-450-1717

**MAIL ADDRESS:**
- **STREET 1:** 1130 SOUTH 3800 WEST, SUITE 100
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FireFly Automatix Inc.
- **DATE OF NAME CHANGE:** 20171017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FireFly Automatix Inc
- **DATE OF NAME CHANGE:** 20151211
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001641172-25-005908

## Text-Extract

```

                                                            July 15, 2025

Andrew W. Limpert
Chief Executive Officer
FireFly Automatix, Inc.
1130 South 3800 West, Suite 100
Salt Lake City, Utah 84104

       Re: FireFly Automatix, Inc.
           Amendment No. 1 to Draft Registration Statement on Form S-1
           Submitted July 1, 2025
           CIK No. 0001660851
Dear Andrew W. Limpert:

     We have reviewed your amended draft registration statement and have the
following
comments.

       Please respond to this letter by providing the requested information and
either
submitting an amended draft registration statement or publicly filing your
registration
statement on EDGAR. If you do not believe a comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

      After reviewing the information you provide in response to this letter
and your
amended draft registration statement or filed registration statement, we may
have additional
comments. Unless we note otherwise, any references to prior comments are to
comments in
our May 21, 2025 letter.

Amendment No. 1 to Draft Registration Statement on Form S-1
Management's Discussion and Analysis of Our Financial Condition and Results of
Operations
Company Overview, page 40

1.     We note your response to prior comment 3. Please provide us with your
calculation of
       CAGR as of March 31, 2025. In this regard, please revise your disclosure
to clearly
       explain how CAGR is being calculated.
 July 15, 2025
Page 2
Liquidity and Capital Resources
Going Concern Analysis, page 48

2.     Please explain why you anticipate the cash required to service your debt
to be between
       $765 to $1,175. In this respect, you disclose that the interest on the
convertible
       debentures will continue to be accreted to the debentures    principal
outstanding and
       not paid in cash, and the debentures will be converted into shares of
your commons
       stock at their respective maturity.
Critical Accounting Policies and Estimates, page 49

3.     Please clarify your response to prior comment 8 and revised disclosures
that
       indicate the reference to a third-party appraiser (your page F-23)
relates to fair market
       value appraisals solely in connection with the calculation of the number
of shares
       issuable upon a cashless exercise of the warrants prior to the initial
public offering,
       and not for accounting purposes. Explain how you considered the
third-party
       appraisals in determining the fair market value of a share of your
common stock.
       Refer to Question 141.02 of Compliance and Disclosure Interpretations of
the
       Securities Act Section. The answer to this question in part states "If
the disclosure
       attributes a statement to a third party expert, the registrant must
comply with the
       requirements of Securities Act Rule 436 with respect to such statement."
       Alternatively, if true, consider disclosing that management "considered
or relied in
       part upon a report of a third party expert, or provides similar
disclosure that attributes
       the [fair values] figures to the registrant and not the third party
expert, then there
       would be no requirement to comply with Rule 436." Revise your
disclosures in this
       section to explain the methods that management uses to determine the
fair value of the
       common stock and the nature of the material assumptions involved. Your
revised
       disclosure in this section should also explain the extent to which the
estimates are
       considered highly complex and subjective. In addition, revise to
disclose that the
       estimates will not be necessary to determine the fair value of your
common stock once
       the underlying shares begin trading.
Executive Compensation
Executive Compensation Plans, page 68

4.     We note the revisions made in response to prior comment 10 and re-issue
this
       comment in part. In this regard, your current disclosure states that the
compensation
       committee is evaluating whether to authorize the company to enter into
"new"
       employment agreements with your NEOs. Please revise to clarify whether
you
       currently have employment agreements with your NEOs. If so, please
revise to
       describe the material terms of these existing agreements and file them
as exhibits.
Description of Capital Stock
Convertible Debentures, page 75

5.     We note your response to prior comment 12. Describe how you considered
that each
       of the Debentures issued on January 19, 2023 and July 25, 2024 contain a
mandatory
       redemption provision stating that upon the consummation of a
Subsequent
       Financing,    the Company shall use 50% of the gross proceeds of such
Subsequent
       Financing to redeem principal outstanding on all Debentures. Explain
whether any of
 July 15, 2025
Page 3

       the net proceeds from the sale of shares in this offering will be used
to redeem the
       principal outstanding on Debentures.
6.     We note from your response to prior comment 13 that the automatic
conversion of the
       July 2019 Debenture, April 2020 Debenture, and September 2020 Debenture
will be
       subject to the beneficial ownership limitations on conversion of 4.99%
of the
       outstanding common stock and, therefore, less than the entire balance of
such
       debentures will convert in connection with the offering. We further note
that ATW
       Partners may elect to increase its beneficial ownership limitation to
9.99%. Please
       explain whether the outstanding Debentures and Warrants remain
convertible and
       exercisable into shares of your common after ATW Partners reaches the
beneficial
       ownership limitation of 9.99%. Describe any changes to conversion and
       redemption features associated with the Debentures and exercise rights
associated
       with the Warrants once ATW Partners reach the beneficial ownership
limits.
Report of Independent Registered Public Accounting Firm, page F-3

7.     We note that, Moss Adams, your independent registered public accounting
firm,
       merged with Baker Tilly US, LLP effective on June 3, 2025. We also note
that the
       audit report in the Draft Registration Statement on Form S-1 submitted
on April 23,
       2025 was signed by Moss Adams and dated April 23, 2025. Please explain
why the
       audit report in the Draft Submission No. 2 to the Draft Registration
Statement on
       Form S-1 submitted on July 1, 2025 is now signed by Baker Tilly with the
same April
       23, 2025 report date. In this respect, explain why Baker Tilly signed
the audit report
       when the merger was not effective until June 3, 2025, and clarify if it
is the intent of
       Baker Tilly to assume responsibility for the prior audit work performed
by Moss
       Adams.
Consolidated Financial Statements
Notes to the Consolidated Financial Statements
Note 2. Summary of Significant Accounting Policies
Revenue Recognition, page F-14

8.     We note your response to prior comment 16. Please tell us whether your
contracts
       include variable consideration including a right of return.
Note 12 Common Stock Purchase Warrants, page F-23

9.     We note your response to prior comment 22. Please clarify whether the
contractual
       term, "grants any right to reprice" applies to both the Debentures and
       Warrants. Explain whether the contractual term, "grants any right to
reprice" means
       a down round price adjustment may occur in these warrants because you
modified the
       exercise or conversion price of a different previously issued financial
instrument. If
       so, please revise your footnote to provide similar disclosure for this
term.

Item 15. Recent Sales of Unregistered Securities, page II-2

10.    Your revised disclosure in response to prior comment 25 indicates that
in December
       2024, you issued an aggregate of 584,281 shares of common stock,
comprised of
       425,841 shares issued on December 2, 2024 and 158,440 shares issued on
December
 July 15, 2025
Page 4

       31, 2024, and from August 16, 2023 to June 30, 2024, you issued 472,726
shares of
       common stock. Please reconcile this with your disclosures on page F-24
that indicate
       you issued 196,153 and 584,281 common stock shares in 2024 and 271,573
common
       stock shares in 2023. That is, your disclosure in this section appears
to include the
       issuance of an additional 5,000 shares of common stock.
       Please contact Morgan Youngwood at 202-551-3479 or Stephen Krikorian at
202-
551-3488 if you have questions regarding comments on the financial statements
and related
matters. Please contact Mitchell Austin at 202-551-3574 or Matthew Derby at
202-551-3334
with any other questions.

                                                           Sincerely,

                                                           Division of
Corporation Finance
                                                           Office of Technology
cc:   David Marx

```

### Attached PDF Documents

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