Richtech Robotics Sells Unregistered Equity Securities

Ticker: RR · Form: 8-K · Filed: 2024-02-21T00:00:00.000Z

Sentiment: neutral

Topics: equity-sales, material-agreement, capital-raise

TL;DR

**Richtech Robotics just sold more shares, likely to raise cash, so watch for potential dilution.**

AI Summary

Richtech Robotics Inc. entered into a Material Definitive Agreement on February 15, 2024, involving the issuance of equity securities. The company, based in Las Vegas, NV, with CIK 0001963685, filed this 8-K on February 21, 2024, to report these unregistered sales of equity securities. This event is categorized under Item 1.01 and Item 3.02 of Form 8-K.

Why It Matters

This filing indicates Richtech Robotics Inc. is raising capital through equity sales, which can dilute existing shareholders but also fund future operations and growth.

Risk Assessment

Risk Level: medium — Unregistered sales of equity securities can lead to dilution for existing shareholders, impacting share value.

Key Players & Entities

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing was on February 15, 2024.

What items of Form 8-K are being reported by Richtech Robotics Inc.?

Richtech Robotics Inc. is reporting under Item 1.01 (Entry into a Material Definitive Agreement) and Item 3.02 (Unregistered Sales of Equity Securities).

What is the full name of the registrant?

The full name of the registrant is Richtech Robotics Inc.

What is the business address of Richtech Robotics Inc.?

The business address of Richtech Robotics Inc. is 4175 Cameron St Ste 1, Las Vegas, NV 89103.

What is the registrant's telephone number?

The registrant's telephone number is (866) 236-3835.

From the Filing

0001213900-24-015755.txt : 20240221 0001213900-24-015755.hdr.sgml : 20240221 20240221160824 ACCESSION NUMBER: 0001213900-24-015755 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240215 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240221 DATE AS OF CHANGE: 20240221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RICHTECH ROBOTICS INC. CENTRAL INDEX KEY: 0001963685 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569] ORGANIZATION NAME: 06 Technology IRS NUMBER: 882870106 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41866 FILM NUMBER: 24659466 BUSINESS ADDRESS: STREET 1: 4175 CAMERON ST STE 1 CITY: LAS VEGAS STATE: NV ZIP: 89103 BUSINESS PHONE: 8662363835 MAIL ADDRESS: STREET 1: 4175 CAMERON ST STE 1 CITY: LAS VEGAS STATE: NV ZIP: 89103 8-K 1 ea0200404-8k_richtech.htm CURRENT REPORT false 0001963685 0001963685 2024-02-15 2024-02-15 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT   PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934   Date of Report (Date of earliest event reported):  February 21, 2024 ( February 15, 2024 )   Richtech Robotics Inc. (Exact name of registrant as specified in its charter)   Nevada   001-41866   88-2870106 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   4175 Cameron St Ste 1 Las Vegas , NV 89103 (Address of principal executive offices, including zip code)   Registrant’s telephone number, including area code:  ( 866 ) 236-3835   Not Applicable (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)         ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)         ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))         ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class B Common Stock, par value $0.0001 per share   RR   The Nasdaq Stock Market LLC   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company  ☒   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐             Item 1.01. Entry into a Material Definitive Agreement.     Purchase Agreement   On February 15, 2024, Richtech Robotics Inc., a Nevada corporation (the “ Company ”) , entered into a Standby Equity Purchase Agreement (the “ Purchase Agreement ”) with YA II PN, Ltd. (the “ Investor ”), pursuant to which the Investor has agreed to purchase up to $50 million of the

View on Read The Filing