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Richtech Robotics Announces Closing of $38.7 Million Private Placement Priced At-The-Market Under Nasdaq Rules
LAS VEGAS, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR), (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announced today the closing of its previously announced private placement for the purchase and sale of 8,500,000 shares of the Company’s Class B common stock priced at the market under Nasdaq rules. Rodman & Renshaw LLC acted as the exclusive placement agent for the offering. The gross proceeds from the offering were approx
About this update from Richtech Robotics Inc.
[{"type":"image","alt":"Richtech Robotics Inc.","displaySize":"","headline":null,"caption":"Richtech Robotics Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":71,"url":"https://media.zenfs.com/en/globenewswire.com/b85c47965475c06765f7720026db0554"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ax2eDJPmItjd.OwYPGWDGw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk5O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/b85c47965475c06765f7720026db0554","width":300,"height":71}},"lazy":false},{"type":"text","content":"LAS VEGAS, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR), (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announced today the closing of its previously announced private placement for the purchase and sale of 8,500,000 shares of the Company’s Class B common stock priced at the market under Nasdaq rules.","length":373,"tagName":"p"},{"type":"text","content":"Rodman & Renshaw LLC acted as the exclusive placement agent for the offering.","length":81,"tagName":"p"},{"type":"text","content":"The gross proceeds from the offering were approximately $38.7 million, prior to deducting placement agent’s fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for working capital, general corporate purposes, including the further development of our product candidates, and the procurement of inventory, specifically for robotic hardware.","length":405,"tagName":"p"},{"type":"text","content":"The shares described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder and have not been registered under the Securities Act, or applicable state securities laws. Accordingly, the shares issued in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. Pursuant to a registration rights agreement with the investor, the Company has agreed to file a resale registration statement covering the shares described above. This press release shall not constitute an offer to sell or a so...