Richtech Robotics Inc. (NASDAQ: RR) has recently announced a private placement offering, with a definitive agreement in place for the purchase and sale of 8,500,000 shares of the company’s class B common stock. This offering is priced at-the-market under NASDAQ rules, with Rodman & Renshaw LLC acting as the exclusive placement agent for the offering.
The gross proceeds from this private placement are expected to be approximately $38.7 million, before deducting placement agent’s fees and other offering expenses payable by the company. The net proceeds from the offering are intended to be used for working capital, general corporate purposes, further development of product candidates, and the procurement of inventory, specifically for robotic hardware.
The offering is being made under Section 4(a)(2) of the Securities Act of 1933 and/or Regulation D, and the shares have not been registered under the Securities Act or applicable state securities laws. The company has agreed to file a resale registration statement covering the shares described above, pursuant to a registration rights agreement with the investor.
Richtech Robotics is focused on developing advanced robotic solutions and the data infrastructure that makes its robots more intelligent. The company aims to deliver dependable automation, consistent service performance, and continuous AI-driven improvement at scale in the industrial, commercial, and data services sectors.
As of January 28, 2026, the company has not provided specific details on how these recent developments have impacted its financial metrics or operational performance compared to the previous period. Today the company's shares have moved 2.38% to a price of $3.88. Check out the company's full 8-K submission here.
