Richtech Robotics Faces Delisting Concerns

Ticker: RR · Form: 8-K · Filed: 2024-10-31T00:00:00.000Z

Sentiment: bearish

Topics: delisting, listing-standards, regulatory-filing

TL;DR

Richtech Robotics might be delisted, check their listing status ASAP.

AI Summary

Richtech Robotics Inc. filed an 8-K on October 31, 2024, reporting a notice of delisting or failure to satisfy continued listing rules as of October 25, 2024. The company, incorporated in Nevada, has its principal executive offices in Las Vegas, NV.

Why It Matters

This filing indicates potential issues with Richtech Robotics' continued listing on an exchange, which could impact its stock trading and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading and overall financial stability.

Key Players & Entities

FAQ

What specific rule or standard has Richtech Robotics failed to satisfy, leading to the potential delisting?

The filing does not specify the exact rule or standard that Richtech Robotics has failed to satisfy, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.

When was the notice of delisting or failure to satisfy listing rules issued?

The earliest event reported in the filing, which includes the notice of delisting or failure to satisfy listing rules, occurred on October 25, 2024.

What is the primary business of Richtech Robotics Inc. according to the filing?

The filing lists Richtech Robotics Inc. under the Standard Industrial Classification code 3569 for GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC.

In which state is Richtech Robotics Inc. incorporated?

Richtech Robotics Inc. is incorporated in Nevada.

What is the address of Richtech Robotics Inc.'s principal executive offices?

The principal executive offices of Richtech Robotics Inc. are located at 4175 Cameron St Ste 1, Las Vegas, NV 89103.

From the Filing

0001213900-24-092915.txt : 20241031 0001213900-24-092915.hdr.sgml : 20241031 20241031163009 ACCESSION NUMBER: 0001213900-24-092915 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241025 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241031 DATE AS OF CHANGE: 20241031 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: 241415673 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 ea0219333-8k_richtech.htm CURRENT REPORT false 0001963685 0001963685 2024-10-25 2024-10-25 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): October 31, 2024 ( October 25, 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 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.   On October 25, 2024, Richtech Robotics Inc., a Nevada corporation (the “ Company ”) received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”), notifying the Company that, because the closing bid price for the Company’s Class B common stock has fallen below $1.00 per share for 30 consecutive business day

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