secwatch.observer — SEC 8-K summary
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Issuer:     RICHTECH ROBOTICS INC. (RR)
CIK:        0001963685
Form:       8-K/A
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001213900-24-023048
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Richtech Robotics enters up to $50M standby equity purchase agreement with YA II PN, Ltd.
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- Purchase Agreement: YA II PN will buy up to $50M of Class B common stock over 24 months at 96% of 3-day VWAP.
- First Pre-Advance of $1M received Feb 15, 2024 at 4% discount; 8% annual interest; convertible at $6/share, subject to downward reset on May 28, 2024.
- Revere Securities will receive $25K/month for 6 months plus 7% finder's fee on Pre-Advances and 4% on Advances.
- Issued 259,350 commitment shares as fee; structuring fee of $25K paid to investor subsidiary.
- Investor cannot exceed 4.99% beneficial ownership per advance; Exchange Cap of 19.99% applies unless stockholder approval obtained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1963685/000121390024023048/0001213900-24-023048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1963685/000121390024023048/ea0201878-8ka1_richtech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-023048

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