secwatch.observer — SEC 8-K summary
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Issuer:     RICHTECH ROBOTICS INC. (RR)
CIK:        0001963685
Form:       8-K
Filed at:   2024-03-22T23:59:59+00:00
Accession:  0001213900-24-025202
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Richtech Robotics issues $1M convertible promissory note to YA II PN at 4% OID
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- Net proceeds $960K after 4% original issue discount; maturity Feb 15, 2025.
- Annual interest rate 8%; monthly payments of 1/9 principal plus interest due starting May 15, 2024.
- Conversion price initially $6.00/share; resets May 28, 2024 to 5-day VWAP with $1.50 floor.
- Company may redeem early with 10% cash premium; holder has 10 trading days to convert after notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1963685/000121390024025202/0001213900-24-025202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1963685/000121390024025202/ea0202408-8k_richtech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-025202

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer