secwatch.observer — SEC 8-K summary
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Issuer:     RICHTECH ROBOTICS INC. (RR)
CIK:        0001963685
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001213900-24-035034
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Richtech Robotics issues $1M convertible note to YA II PN at 8% interest, maturity Feb 2025
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- Principal $1M, purchase price $960k (4% original issue discount).
- Interest 8% per annum; maturity Feb 15, 2025.
- Monthly installments start May 15, 2024; payable in cash or via SEPA advances.
- Conversion price $6.00/share, resets to 5-day VWAP (floor $1.50) on May 28, 2024.
- Optional redemption at 10% premium with 10 trading days' notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1963685/000121390024035034/0001213900-24-035034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1963685/000121390024035034/ea0204391-8k_richtech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-035034

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