Richtech Robotics closes IPO of 2.1M shares at $5.00, raises $10.5M; underwriter warrants issued

RICHTECH ROBOTICS INC.

Underwriting agreement for firm commitment IPO of 2.1M shares at $5.00, generating $10.5M gross proceeds; closed Nov 21, 2023.
Representative's warrants to purchase 105,000 shares at $6.00, exercisable May 21, 2024 to Nov 21, 2028; 6-month lock-up.
45-day over-allotment option for up to 315,000 additional shares at offering price less underwriting discount.
Filed second amended and restated articles/bylaws effective Nov 16, 2023; adopted audit, compensation, and nominating committee charters.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

RICHTECH ROBOTICS INC.: Filed Second Amended and Restated Articles of Incorporation with Nevada Secretary of State, effective November 16, 2023 (effective 2023-11-16).

Change: charter amendment
Effective: 2023-11-16

Exact text from the filing

On November 17, 2023, Company filed its Second Amended and Restated Articles of Incorporation with the Nevada Secretary of State. The terms of the Second Amended and Restated Articles of Incorporation and Amended and Restated By-laws, as effective beginning on November 16, 2023, are set forth in the final prospectus for the Offering as filed with the Commission on November 20, 2023.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

RICHTECH ROBOTICS INC.: Amended and Restated By-laws became effective November 16, 2023 (effective 2023-11-16).

Change: bylaw amendment
Effective: 2023-11-16

Exact text from the filing

The terms of the Second Amended and Restated Articles of Incorporation and Amended and Restated By-laws, as effective beginning on November 16, 2023, are set forth in the final prospectus for the Offering as filed with the Commission on November 20, 2023.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RICHTECH ROBOTICS INC. entered into Underwriting Agreement with R.F. Lafferty & Co., Inc. valued at $10.5 million (effective 2023-11-16).

Action: entry
Agreement: underwriting
Counterparty: R.F. Lafferty & Co., Inc.
Value: $10.5 million
Effective: 2023-11-16

Exact text from the filing

On November 16, 2023, Richtech Robotics Inc. (the " Company ") entered into an underwriting agreement (the " Underwriting Agreement ") with R.F. Lafferty & Co., Inc., acting as representative of the underwriters (the " Representative ").

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42 governance changes filed in the last 30 days. Browse all governance changes →

RICHTECH ROBOTICS INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-089609

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