Richtech Robotics raises $3.64M from warrant exercise at $1.35, issues new warrants at $4.00

RICHTECH ROBOTICS INC.

Gross proceeds of ~$3,644,726 from exercise of 2,699,797 existing warrants at $1.35 per share.
Company issued new inducement warrants to purchase 2,699,797 shares at $4.00, exercisable immediately for 5 years.
Net proceeds will be used for working capital and general corporate purposes.
New warrants are unregistered; company must file resale registration statement within 30 days and use best efforts to keep it effective.

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