Richtech Robotics raises $21M in upsized public offering of 15.6M shares and warrants at $1.35/unit

RICHTECH ROBOTICS INC.

Priced upsized public offering of 15,555,557 shares (or equivalents) and warrants, gross proceeds ~$21M, net ~$19.4M.
Warrants exercisable at $1.35 per share immediately, expire in 5 years; pre-funded warrants exercised for $0.00001/share aggregating 2,312,594 shares.
Rodman & Renshaw acted as placement agent; received 7% cash fee plus warrants for 7% of shares sold.
Company intends to use net proceeds for working capital, product development, and robotic hardware inventory.
Offering includes 90-day ban on further equity issuance and one-year restriction on variable rate transactions.

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