Guerrilla RF, a US-based fabless semiconductor provider for radio frequency applications, withdrew its plans for an initial public offering on Tuesday. It originally filed in April 2023 with a proposed deal size of $15 million. The company had not updated its prospectus since June 2023. Guerrilla RF is currently listed on the OTC (GUER).
The Greensboro, NC-based company was founded in 2013 and booked $11 million in revenue for the 12 months ended March 31, 2023. It had planned to list on the Nasdaq under the symbol GUER. Laidlaw & Company (UK) was set to be the sole bookrunner on the deal.
