IPO - RICHTECH ROBOTICS INC.
Form Type: 424B5
Filing Date: 2025-05-16
Corporate Action: Ipo
Type: New
Accession Number: 000121390025044878
Filing Summary: Richtech Robotics Inc. is offering up to $100,000,000 of Class B common stock through an at-the-market offering. The company has engaged Rodman & Renshaw LLC, H.C. Wainwright & Co., LLC, and BTIG, LLC as agents. The offer allows the company to sell shares of its Class B common stock through various methods on trading markets. The designated agents are entitled to a 3% commission on the gross sales price of the shares sold. The offering is intended to provide funds for working capital and general corporate purposes. Richtech aims to expand its market presence, focusing on sectors such as hospitality, where automation is increasingly essential due to labor shortages. The class B common stock is listed under the symbol 'RR' on the Nasdaq Capital Market.
Additional details:
Class B Common Stock Offered: Up to $100,000,000
Class B Common Stock Outstanding Before Offering: 74,868,935 shares
Class B Common Stock To Be Outstanding After Offering: Up to 118,921,798 shares
Last Reported Sale Price: $2.19 per share on May 15, 2025
Exercise Price Of Existing Warrants: $1.35 per share
Gross Proceeds From Exercising Warrants: Approximately $3,644,726
Inducement Warrant Exercise Price: $4.00 per share
Warrant Exercise Inducement Date: February 10, 2025
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