NASDAQ
11 days, 16 hours ago 
RR
Richtech Robotics INC
8-K: Richtech Robotics to Establish New Headquarters with $4.1 Million Land Purchase
Richtech Robotics Inc. has entered into an agreement to purchase a 20,000 square foot property in Las Vegas for $4.1 million, intended to serve as its new headquarters and integrate domestic operations.
NASDAQ
39 days, 15 hours ago 
RR
Richtech Robotics INC
Form 4: RichTech Robotics President Matthew Casella Reports Stock Transactions
Matthew Casella, President of RichTech Robotics, reports the acquisition of 60,000 shares of Class B Common Stock on November 28, 2024, and the subsequent sale of 60,000 shares on March 13, 2025.
NASDAQ
53 days, 10 hours ago 
RR
Richtech Robotics INC
10-K/A: Richtech Robotics Files Amendment No. 2 to Form 10-K/A to Correct Share Count and Revise Disclosures
Richtech Robotics files an amendment to its annual report to correct the number of Class B common stock shares outstanding, revise disclosures, and update exhibits.
Worse than expected
 
Capital raise
 
NASDAQ
70 days, 16 hours ago 
RR
Richtech Robotics INC
10-Q: Richtech Robotics Reports Increased Revenue and Strategic Shift to Robotics-as-a-Service in Q1 2025
Richtech Robotics saw a 14% increase in revenue in Q1 2025, driven by a strategic transition to a Robotics-as-a-Service (RaaS) model and expansion into new markets.
Worse than expected
 
Capital raise
 
NASDAQ
74 days, 13 hours ago 
RR
Richtech Robotics INC
8-K: Richtech Robotics Issues Inducement Warrants to Encourage Exercise of Existing Warrants
Richtech Robotics entered into an agreement with a warrant holder to induce the exercise of existing warrants in exchange for new warrants, generating approximately $3.64 million in gross proceeds.
Capital raise
 
NASDAQ
77 days, 16 hours ago 
RR
Richtech Robotics INC
10-K/A: Richtech Robotics Files Amendment to 10-K, Corrects Accounting Firm Date and Adds Clawback Policy Disclosure
Richtech Robotics files an amendment to its 2024 annual report to correct a typographical error, add disclosure about its compensation recovery policy, and include the policy as an exhibit.
NASDAQ
101 days, 16 hours ago 
RR
Richtech Robotics INC
10-K: Richtech Robotics Reports Fiscal Year 2024 Results, Transitions to RaaS Model
Richtech Robotics' 10-K filing reveals a strategic shift to a Robotics-as-a-Service (RaaS) model amidst a year of transitions and expansion into new markets.
Worse than expected
 
NASDAQ
176 days, 17 hours ago 
RR
Richtech Robotics INC
8-K: Richtech Robotics Faces Nasdaq Delisting Notice After Share Price Falls Below $1
Richtech Robotics has received a notice from Nasdaq for failing to maintain a minimum share price of $1.00, potentially leading to delisting if not rectified by April 23, 2025.
Worse than expected
 
NASDAQ
177 days, 3 hours ago 
RR
Richtech Robotics INC
Form 4: King Bliss Ltd Sells 2,200,000 Shares of RicTech Robotics Inc.
King Bliss Ltd, a 10% owner of RicTech Robotics Inc., sold 2,200,000 shares of Class B Common Stock on August 8, 2024.
NASDAQ
185 days, 17 hours ago 
RR
Richtech Robotics INC
8-K: Richtech Robotics to Expand Restaurant Operations with 20 New Walmart Locations
Richtech Robotics has signed a Letter of Intent to acquire exclusive rights to operate 20 Walmart-located restaurants, aiming to optimize operations with robotics and AI.
NASDAQ
206 days, 3 hours ago 
RR
Richtech Robotics INC
DEF 14C: Richtech Robotics Boosts Stock Option Plan with Share Increase
Richtech Robotics increases the number of shares available under its 2023 Stock Option Plan from 6,000,000 to 14,311,215 via written consent of majority stockholders.
NASDAQ
232 days, 17 hours ago 
RR
Richtech Robotics INC
8-K: Richtech Robotics Completes Upsized $21 Million Public Offering
Richtech Robotics successfully closed a $21 million public offering of Class B common stock and warrants, aiming to bolster working capital and product development.
Capital raise
 
NASDAQ
239 days, 12 hours ago 
RR
Richtech Robotics INC
S-1MEF: Richtech Robotics Files Registration Statement for Additional Securities Offering
Richtech Robotics has filed a registration statement to offer additional securities, including Class B common stock and warrants, aiming to raise up to $1,087,502.30.
Capital raise
 
NASDAQ
242 days, 0 hours ago 
RR
Richtech Robotics INC
S-1: Richtech Robotics Seeks Up to $20 Million in Public Offering to Fuel Growth
Richtech Robotics aims to raise up to $20 million through a public offering of Class B common stock and warrants to support working capital and product development.
Capital raise
 
NASDAQ
254 days, 15 hours ago 
RR
Richtech Robotics INC
10-Q: Richtech Robotics Inc. Reports Mixed Q3 Results Amidst Strategic Shift to RaaS Model
Richtech Robotics Inc. reported a net loss for the third quarter of 2024, while experiencing revenue growth driven by service and leasing, and a strategic shift towards a Robotics-as-a-Service model.
Worse than expected
 
Capital raise
 
NASDAQ
346 days, 16 hours ago 
RR
Richtech Robotics INC
10-Q: Richtech Robotics Inc. Reports First Quarter 2024 Results, Revenue Up 11% Amid Strategic Shift
Richtech Robotics Inc. saw a revenue increase of 11% in the first quarter of 2024, driven by service revenue growth, while transitioning its sales model and upgrading its product line.
Worse than expected
 
Capital raise
 
NASDAQ
368 days, 16 hours ago 
RR
Richtech Robotics INC
8-K: Richtech Robotics Secures $1 Million in Funding Through Promissory Note
Richtech Robotics has entered into a promissory note agreement for $1 million with YA II PN, Ltd., as part of their existing Standby Equity Purchase Agreement.
Capital raise
 
NASDAQ
392 days, 13 hours ago 
RR
Richtech Robotics INC
S-1/A: Richtech Robotics Files Amendment No. 1 to S-1 Registration Statement for Potential $50 Million Stock Offering
Richtech Robotics has filed an amendment to its S-1 registration statement, outlining the potential resale of up to 12,983,208 shares of Class B common stock by YA II PN, Ltd. following a standby equity purchase agreement.
Capital raise
 
NASDAQ
395 days, 13 hours ago 
RR
Richtech Robotics INC
10-K/A: Richtech Robotics Files Amended 10-K to Correct Typographical Error
Richtech Robotics Inc. has filed an amendment to its annual report to correct a typographical error in the date of the independent auditor's report, with no other changes to the original filing.
Better than expected
 
NASDAQ
399 days, 17 hours ago 
RR
Richtech Robotics INC
8-K: Richtech Robotics Secures $1 Million in Funding Through Promissory Note
Richtech Robotics has entered into a promissory note agreement for $1 million with YA II PN, Ltd., to be used for general corporate purposes.
Capital raise
 
RR 
Richtech Robotics INC 
NASDAQ

S-1: Richtech Robotics Seeks Up to $20 Million in Public Offering to Fuel Growth

Sentiment:
 Registration Statement
 27 August 2024 9:24 AM

Richtech Robotics aims to raise up to $20 million through a public offering of Class B common stock and warrants to support working capital and product development.

Capital raise
  Richtech Robotics is conducting a public offering to sell up to 14,492,753 shares of Class B common stock and warrants to purchase an equal number of shares.  The company is also offering pre-funded warrants as an alternative to shares for investors who might exceed beneficial ownership limits.  The assumed combined offering price is $1.38 per share and accompanying warrant, based on the stock's price on August 23, 2024.  The company aims to raise up to $20 million through this offering. 

Summary
  • Richtech Robotics is conducting a public offering to sell up to 14,492,753 shares of Class B common stock and warrants to purchase an equal number of shares.
  • The company is also offering pre-funded warrants as an alternative to shares for investors who might exceed beneficial ownership limits.
  • Each share or pre-funded warrant is offered with a warrant to purchase one share of Class B common stock.
  • The assumed combined offering price is $1.38 per share and accompanying warrant, based on the stock's price on August 23, 2024.
  • The warrants are exercisable immediately and expire five years from the issuance date.
  • The company has engaged Rodman & Renshaw LLC as the exclusive placement agent.
  • The offering will terminate on a date in 2024, unless the company decides to terminate it earlier.
  • The net proceeds are intended for working capital, general corporate purposes, product development, and inventory procurement.
Sentiment

Score: 6

Explanation: The document is neutral. It outlines the terms of a public offering, which is a common financial activity. The risks and benefits are clearly stated, leading to a balanced view.

Highlights
  • Richtech Robotics is offering up to 14,492,753 shares of Class B common stock and warrants.
  • Pre-funded warrants are offered as an alternative for investors nearing ownership limits.
  • Each share or pre-funded warrant comes with a warrant to purchase one share of Class B common stock.
  • The assumed combined offering price is $1.38 per share and accompanying warrant.
  • Warrants are exercisable immediately and expire in five years.
  • The company aims to use the net proceeds for working capital, product development, and inventory.
  • Rodman & Renshaw LLC is the exclusive placement agent for the offering.
Positives
  • The offering aims to strengthen the company's working capital position.
  • Proceeds will support further product development and inventory procurement.
  • The company has engaged a placement agent to facilitate the offering.
  • The offering includes pre-funded warrants, providing flexibility for investors.
Negatives
  • The offering may cause immediate and substantial dilution to new investors.
  • There is no guarantee that the company will raise the full amount of capital it seeks.
  • The company has broad discretion in the use of the net proceeds.
  • There is no established public trading market for the warrants or pre-funded warrants.
Risks
  • The company has broad discretion in the use of the net proceeds from this offering and may not use them effectively.
  • Investors will experience immediate and substantial dilution in the net tangible book value per share of the Class B common stock they purchase.
  • The offering is on a reasonable best efforts basis, and the company may not raise the amount of capital it believes is required for its business plans.
  • Resales of the company's Class B common stock in the public market during this offering by its stockholders may cause the market price of the Class B common stock to fall.
  • The offering may cause the trading price of the company's Class B common stock to decrease.
Future Outlook

The company intends to use the net proceeds for working capital, general corporate purposes, further product development, and procurement of inventory, specifically for robotic hardware.

Industry Context

The company operates in the service robotics market, which is experiencing growth due to labor shortages and increasing demand for automation in hospitality and other sectors.

Stakeholder Impact
  • Shareholders may experience dilution due to the issuance of new shares.
  • The company's financial position may be strengthened by the infusion of capital.
  • Customers may benefit from improved products and services resulting from product development efforts.
Next Steps
  • The company will proceed with the offering, subject to market conditions and regulatory approvals.
  • The company will use the net proceeds for the stated purposes.
Key Dates
  • August 23, 2024: Last reported sale price of Class B common stock on Nasdaq was $1.38 per share.
  • [ ] 2024: Expected date of delivery of securities to purchasers.
  • , 2024: Termination date of the offering, unless terminated earlier.
Keywords
Richtech Robotics, public offering, Class B common stock, warrants, pre-funded warrants, Rodman & Renshaw, placement agent, capital raise, dilution, robotics
RR 
Richtech Robotics INC 
NASDAQ
Sector: Industrials
 
Filings with Classifications
Capital raise
3 March 2025 10:38 PM
Annual Report Amendment
  • On September 3, 2024, the Company issued the following securities to certain institutional investors, pursuant to that certain Securities Purchase Agreement, dated as of August 29, 2024, and to certain retail purchasers (together with the institutional investors, the Investors), pursuant to the Companys prospectus, dated August 29, 2024, as filed with the SEC on August 30, 2024, in a public offering: (i) an aggregate of 13,242,963 shares of the Companys Class B common stock, (ii) pre-funded warrants to purchase up to 2,312,594 shares of Class B common stock (the Pre-Funded Warrants), and (iii) warrants to purchase up to 15,555,557 shares of Class B common stock (the Common Warrants), at a purchase price per share and accompanying Common Warrant of $1.35.
Worse than expected
3 March 2025 10:38 PM
Annual Report Amendment
  • The company's total revenue decreased from $8,759 thousand in 2023 to $4,240 thousand in 2024.
  • The company experienced a net loss of $8,140 thousand in 2024, compared to a net loss of $339 thousand in 2023.
Worse than expected
14 February 2025 4:05 PM
Quarterly Report
  • The company reported a net loss of $3.548 million, which is worse than the net loss of $2.750 million in the same period last year.
Capital raise
14 February 2025 4:05 PM
Quarterly Report
  • The company issued an aggregate of 3,814,611 shares of Class B common stock and received aggregate proceeds of $5,149,724.85 in January 2025.
  • The company entered into a warrant exercise inducement offer letter with a holder of Existing Warrants exercisable for an aggregate of 2,699,797 shares of its Class B common stock, to exercise its Existing Warrants at the existing exercise price of $1.35 per share, generating gross proceeds of approximately $3,644,726 before deducting financial advisory fees.
  • In consideration for the immediate exercise of the Existing Warrants, the Company issued to such holder 2,699,797 new warrants (the Inducement Warrants) with an exercise price of $4.00 per share, which are immediately exercisable and valid for five years from issuance (the Armistice Warrant Inducement).
Capital raise
10 February 2025 8:01 PM
Current Report
  • Richtech Robotics is set to receive approximately $3.64 million in gross proceeds from the exercise of existing warrants.
  • The company is issuing new warrants with an exercise price of $4.00 per share as an inducement for the warrant holder to exercise their existing warrants.
Worse than expected
14 January 2025 4:53 PM
Annual Results
  • The company's revenue decreased significantly due to the transition to a RaaS model.
  • The company's net loss increased substantially compared to the previous year.
Worse than expected
31 October 2024 4:30 PM
Current Report
  • The company's stock price falling below $1.00 for 30 consecutive days is worse than expected and triggers a delisting notice from Nasdaq.
Capital raise
5 September 2024 4:58 PM
Public Offering Announcement
  • The company completed a public offering of 13,242,963 shares of Class B common stock, pre-funded warrants for 2,312,594 shares, and warrants for 15,555,557 shares.
  • The offering generated approximately $19.4 million in net proceeds for the company.
  • The company is restricted from issuing common stock or equivalents for 90 days and from variable rate transactions for one year, with some exceptions.
Capital raise
29 August 2024 9:50 PM
Registration Statement
  • Richtech Robotics is seeking to raise up to $1,087,502.30 through the sale of Class B common stock, pre-funded warrants, warrants, and placement agent warrants.
  • The offering is being conducted to raise additional capital for the company.
  • The Placement Agent is acting as the placement agent on behalf of the Company on a best efforts basis.
Capital raise
27 August 2024 9:24 AM
Registration Statement
  • Richtech Robotics is conducting a public offering to sell up to 14,492,753 shares of Class B common stock and warrants to purchase an equal number of shares.
  • The company is also offering pre-funded warrants as an alternative to shares for investors who might exceed beneficial ownership limits.
  • The assumed combined offering price is $1.38 per share and accompanying warrant, based on the stock's price on August 23, 2024.
  • The company aims to raise up to $20 million through this offering.
Capital raise
14 August 2024 6:16 PM
Quarterly Report
  • The company entered into a Standby Equity Purchase Agreement with YA II PN, Ltd. for up to $50 million.
  • The company received $3 million in pre-advances via convertible promissory notes, which were fully repaid in July 2024.
  • The company issued 259,350 shares of Class B common stock as a commitment fee.
Worse than expected
14 August 2024 6:16 PM
Quarterly Report
  • The company reported a net loss of $5.181 million for the nine months ended June 30, 2024, which is worse than the loss of $2.543 million for the same period in 2023.
  • Product revenue decreased by 55% due to the transition to a RaaS model, which is worse than the previous period.
Capital raise
14 May 2024 5:41 PM
Quarterly Report
  • The company entered into a Standby Equity Purchase Agreement with YA II PN, Ltd., which could provide up to $50 million in funding over 24 months.
  • The company issued three convertible promissory notes for $1 million each, with the first two in February and March 2024, and the third in April 2024.
  • The company issued 259,350 shares of Class B common stock to the investor as a commitment fee.
Worse than expected
14 May 2024 5:41 PM
Quarterly Report
  • The company's net loss increased significantly compared to the same period last year, indicating worse than expected financial performance.
  • Product revenue decreased by 59%, which is a significant drop and worse than expected.
Capital raise
22 April 2024 5:50 PM
Debt Financing Agreement
  • The promissory note represents a $1 million capital raise for Richtech Robotics.
  • The company may need to raise additional capital through share sales to meet its monthly payment obligations under the note.
  • The conversion feature of the note could result in a future capital raise through the issuance of new shares to the investor.
Capital raise
29 March 2024 8:23 PM
S-1/A Filing
  • Richtech Robotics has a standby equity purchase agreement with YA II PN, Ltd. for up to $50 million.
  • The company may issue up to 12,983,208 shares of Class B common stock to the investor.
  • The company can obtain pre-advances up to $3 million via convertible notes.
Better than expected
26 March 2024 8:43 PM
Annual Report Amendment
  • The company's revenue increased by 45% year-over-year, indicating better than expected growth.
  • The company's gross profit margin increased from 65% to 69%, indicating improved profitability.
  • The company's net loss decreased from $507 thousand to $339 thousand, indicating improved financial performance.
Capital raise
22 March 2024 5:02 PM
Debt Financing Agreement
  • The company has raised $1 million through a promissory note.
  • The note can be converted into Class B common stock, potentially leading to further equity issuance.
  • The company may need to issue shares to cover monthly payments if it does not have sufficient cash.
Capital raise
15 March 2024 6:13 PM
S-1 Filing
  • The document details a potential capital raise of up to $50 million through a standby equity purchase agreement with YA II PN, Ltd.
  • The agreement allows Richtech to sell shares of Class B common stock to the investor over a 24-month period.
  • The company can also receive pre-advances of up to $3 million via convertible promissory notes.
Capital raise
15 March 2024 4:15 PM
Material Definitive Agreement Amendment
  • The agreement involves a potential $50 million share purchase agreement with YA II PN, Ltd.
  • The company has received a $1 million pre-advance and is expected to receive two additional $1 million pre-advances upon the satisfaction of certain conditions.
Capital raise
15 March 2024 4:05 PM
Financing Agreement Announcement
  • Richtech Robotics has entered into a Standby Equity Purchase Agreement with YA II PN, Ltd. for up to $50 million.
  • The company has also secured a pre-advance facility of up to $3 million.
  • The company will issue shares to the investor as part of the agreement.
Capital raise
21 February 2024 4:08 PM
Standby Equity Purchase Agreement
  • The document details a Standby Equity Purchase Agreement for up to $50 million.
  • The agreement includes a pre-advance of up to $3 million, with the first $1 million already advanced.
  • The company can issue shares to the investor over a 24-month period, subject to certain conditions and limitations.
Worse than expected
14 February 2024 5:01 PM
Quarterly Report
  • The company's net loss increased significantly compared to the same period last year, indicating worse than expected financial performance.
Worse than expected
11 January 2024 5:28 PM
Annual Report
  • The company reported a net loss of $339 thousand in 2023, compared to a net loss of $507 thousand in 2022, indicating that while losses have decreased, the company is still not profitable.
Capital raise
11 January 2024 5:28 PM
Annual Report
  • The company anticipates that it will need additional funding in connection with its continuing operations after twelve months.
  • The company expects to finance its future cash needs through public or private equity or debt financings, third-party funding, and other arrangements.
  • The company will continue seeking additional capital to expand its operations, advance its products, and scale its sales and marketing capabilities.
  • The company will continue seeking additional financing sources to meet its working capital requirements, make investment in research and development and make capital expenditures needed to maintain and expand its business.
  • If the company raises additional funds through further issuances of equity or convertible debt securities, its existing stockholders could suffer significant dilution.

Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.