Richtech Robotics Inc. Signs Material Definitive Agreement

TL;DR

Richtech Robotics signed a big deal, details TBD.

AI Summary

Richtech Robotics Inc. announced on August 29, 2024, that it entered into a material definitive agreement. The company, incorporated in Nevada, filed its 8-K report on September 5, 2024, detailing this significant event. The filing does not specify the nature of the agreement or any associated dollar amounts.

Why It Matters

This filing indicates a significant business development for Richtech Robotics Inc., potentially impacting its future operations and investor outlook.

Risk Assessment

Risk Level: medium — The lack of specific details regarding the material definitive agreement introduces uncertainty, warranting a medium risk assessment.

Key Players & Entities

• RICHTECH ROBOTICS INC. (company) — Registrant
• August 29, 2024 (date) — Date of earliest event reported
• September 5, 2024 (date) — Date of report
• Nevada (jurisdiction) — State of incorporation

FAQ

Key Financial Figures

• $0.0001 — tered Class B Common Stock, par value $0.0001 per share RR The Nasdaq Stock Marke
• $1.35 — hare and accompanying Common Warrant of $1.35. The Pre-Funded Warrants are exercisabl
• $0.00001 — ate of issuance at an exercise price of $0.00001 per share and may be exercised at any t
• $80,000 — ing its legal counsel, in the amount of $80,000 and an additional $15,950 for its clear
• $15,950 — the amount of $80,000 and an additional $15,950 for its clearing expenses. The Placemen
• $19.4 million — d offering expenses, were approximately $19.4 million. The Company intends to use the net pro
• $23.13 — ny received aggregate gross proceeds of $23.13 in connection with the exercises of the

Filing Documents

• ea0213645-8k_richtech.htm (8-K) — 36KB
• ea021364501ex4-1_richtech.htm (EX-4.1) — 100KB
• ea021364501ex4-2_richtech.htm (EX-4.2) — 104KB
• ea021364501ex4-3_richtech.htm (EX-4.3) — 105KB
• ea021364501ex10-1_richtech.htm (EX-10.1) — 242KB
• ea021364501ex99-1_richtech.htm (EX-99.1) — 11KB
• ea021364501ex99-2_richtech.htm (EX-99.2) — 11KB
• 0001213900-24-076143.txt ( ) — 928KB
• rr-20240829.xsd (EX-101.SCH) — 3KB
• rr-20240829_lab.xml (EX-101.LAB) — 33KB
• rr-20240829_pre.xml (EX-101.PRE) — 22KB
• ea0213645-8k_richtech_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On August 29, 2024, Richtech Robotics Inc., a Nevada corporation (the " Company ") entered into a Securities Purchase Agreement (the " Purchase Agreement ") with certain institutional investors (the " Investors " and, together with the retail purchasers who purchased securities in the Offering pursuant to the Company's prospectus, dated August 29, 2024, as filed with the Securities and Exchange Commission (the " SEC ") on August 30, 2024 (the " Prospectus "), the " Purchasers "). Pursuant to the terms of the Purchase Agreement and the Prospectus, the Company agreed to sell, in a public offering (the " Offering "), (i) an aggregate of 13,242,963 shares (the " Shares ") of the Company's Class B common stock, par value $0.0001 per share (the " Common Stock "), (ii) pre-funded warrants to purchase up to 2,312,594 shares of Common Stock (the " Pre-Funded Warrants "), and (iii) warrants to purchase up to 15,555,557 shares of Common Stock (the " Common Warrants "), at a purchase price per Share and accompanying Common Warrant of $1.35. The Pre-Funded Warrants are exercisable immediately on the date of issuance at an exercise price of $0.00001 per share and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full. The Common Warrants are exercisable immediately on the date of issuance at an exercise price of $1.35 per share and will expire five years from the date of issuance. The Offering closed on September 3, 2024. Rodman & Renshaw LLC acted as the exclusive placement agent (the " Placement Agent ") for the Company, on a "reasonable best efforts" basis, in connection with the Offering. Pursuant to an engagement letter dated June 4, 2024, the Placement Agent received a cash fee equal to 7.0% of the aggregate gross proceeds of the Offering. The Company also paid the Placement Agent certain out-of-pocket expenses, including its legal counsel, in the amount of $80,000 and an additional $

01 Other Events

Item 8.01 Other Events. On August 29, 2024, the Company issued a press release announcing the pricing of the Offering. On September 3, 2024, the Company issued a press release announcing the closing of the Offering. A copy of each of the press releases is filed as Exhibits 99.1 and 99.2, respectively, to this Current Report on Form 8-K and is incorporated by reference herein.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are being filed herewith: Exhibit No. Description 4.1 Form of Pre-Funded Warrant 4.2 Form of Common Warrant 4.3 Form of Placement Agent Warrant 10.1 Form of Securities Purchase Agreement 99 .1 Press Release dated August 29, 2024 9 9.2 Press Release dated September 3, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Richtech Robotics Inc. By: /s/ Zhenwu (Wayne) Huang Name: Zhenwu (Wayne) Huang Title: Chief Executive Officer and Director Dated: September 5, 2024 3

View Full Filing

View this 8-K filing on SEC EDGAR