---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-023065"
form_type: "8-K"
ticker: "RR"
cik: "0001963685"
company_name: "RICHTECH ROBOTICS INC."
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T18:11:58.682705+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Richtech Robotics (RR) amends convertible note terms; early redemption, conversion floor $1.50

## Summary
- Company may redeem outstanding note principal plus 10% premium with 10 trading days' notice; investor has 10 days to convert.
- Conversion price set at $6.00 per share, subject to reset on May 28, 2024 to 5-day VWAP, with floor of $1.50.
- First $1M pre-advance issued February 15; two additional $1M pre-advances conditioned on registration statement milestones.
- Total standby equity commitment remains $50M over 24 months from Purchase Agreement dated Feb 15, 2024.

## SEC filing metadata
- accession: 0001213900-24-023065
- form_type: 8-K
- ticker: RR
- cik: 0001963685
- company_name: RICHTECH ROBOTICS INC.
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1963685/000121390024023065/0001213900-24-023065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1963685/000121390024023065/ea0201879-8k_richtech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-023065
- JSON: https://secwatch.observer/filing/0001213900-24-023065.json
- Plain text: https://secwatch.observer/filing/0001213900-24-023065.txt

## Key facts
- Material Agreements
  RICHTECH ROBOTICS INC. amended Standby Equity Purchase Agreement with YA II PN, Ltd. valued at Amended terms of each Note: (i) optional redemption with 10% premium on principal; (ii) Conversion P (effective 2024-03-14).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: YA II PN, Ltd.
  - Value: Amended terms of each Note: (i) optional redemption with 10% premium on principal; (ii) Conversion P
  - Effective: 2024-03-14
  source text: On March 14, 2024, the Company and the Investor entered into a letter agreement (the “ Letter Agreement ”) to amend the terms of each Note as follows: (i) the Company may redeem early a portion or all amounts (including principal and accrued and unpaid interest) outstanding under the Note (“ Optional Redemption ”) with at least 10 trading days’ prior written notice by the Company to the Investor. The outstanding principal balance being redeemed by the Company shall be subject to a 10% cash redemption premium. After receipt of the Redemption Notice, the Investor shall have 10 trading days to elect to convert all or any portion of the Note; and (ii) the Conversion Price (as defined in the Note), which is subject to a reset on May 28, 2024, shall in no event be lower than $1.50 per Common Share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1963685/000121390024023065/0001213900-24-023065-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.