Richtech Robotics Inc. Files 8-K for Material Agreement

TL;DR

Richtech Robotics Inc. signed a big deal on Oct 16th, filed an 8-K. Watch this space.

AI Summary

On October 16, 2024, Richtech Robotics Inc. entered into a material definitive agreement. The company, incorporated in Nevada with its principal executive offices in Las Vegas, NV, filed this 8-K report on October 22, 2024. The filing indicates other events and includes financial statements and exhibits.

Why It Matters

This filing signals a significant development for Richtech Robotics Inc., potentially impacting its operations, financial standing, and future strategic direction.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, and the specifics of this agreement are not detailed in the provided excerpt.

Key Players & Entities

• RICHTECH ROBOTICS INC. (company) — Registrant
• October 16, 2024 (date) — Date of earliest event reported
• October 22, 2024 (date) — Date of report
• Nevada (jurisdiction) — State of incorporation
• Las Vegas, NV (location) — Address of principal executive offices
• 8662363835 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.0001 — tered Class B Common Stock, par value $0.0001 per share RR The Nasdaq Stock Marke

Filing Documents

• ea0218284-8k_richtech.htm (8-K) — 29KB
• ea021828401ex10-1_richtech.htm (EX-10.1) — 11KB
• ea021828401ex99-1_richtech.htm (EX-99.1) — 13KB
• ex99-1_001.jpg (GRAPHIC) — 4KB
• 0001213900-24-089677.txt ( ) — 264KB
• rr-20241016.xsd (EX-101.SCH) — 3KB
• rr-20241016_pre.xml (EX-101.PRE) — 22KB
• rr-20241016_lab.xml (EX-101.LAB) — 33KB
• rr-20241016_def.xml (EX-101.DEF) — 26KB
• ea0218284-8k_richtech_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On October 16, 2024, Richtech Robotics Inc., a Nevada corporation (the " Company ") entered into a binding Letter of Intent (the " LOI ") with Ghost Kitchens America. Under the terms of the LOI, the parties agreed to enter into a franchise agreement, pursuant to which the Company will acquire exclusive rights to operate 20 Walmart-located "One Kitchen" restaurants in Arizona, Colorado, and Texas. These restaurants will be directly managed by the Company's subsidiary, AlphaMax Management LLC, with the aim of optimizing restaurant operations through robotics and AI cloud technology. The foregoing summary of the terms of the LOI are subject to, and qualified in their entirety by, the LOI, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and are incorporated herein by reference.

01 Other Events

Item 8.01 Other Events. On October 17, 2024, the Company issued a press release announcing the LOI. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this Form 8-K are forward-looking "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the " Risk Factors " section of the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and initial public offering prospectus. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are being filed herewith: Exhibit No. Description 10.1# Letter of Intent, dated as of October 16, 2024, by and between Richtech Robotics Inc. and Ghost Kitchens America. 99 .1 Press Release dated October 17, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) # Certain portions of this exhibit have been omitted because the omitted information is (i) not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. 1 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: October 22, 2024 2

View Full Filing

View this 8-K filing on SEC EDGAR