secwatch.observer — SEC 8-K summary
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Issuer:     RICHTECH ROBOTICS INC. (RR)
CIK:        0001963685
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001213900-24-076143
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1963685/000121390024076143/0001213900-24-076143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1963685/000121390024076143/ea0213645-8k_richtech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-076143

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