LAS VEGAS, NV — January 29, 2026 — Leads & Copy — Richtech Robotics Inc. (Nasdaq: RR) has announced the closing of its previously announced private placement for 8,500,000 shares of Class B common stock, priced at market according to Nasdaq rules.
The Nevada-based provider of AI-driven service robots generated gross proceeds of approximately $38.7 million from the offering, before deducting fees for the placement agent and other expenses. Rodman & Renshaw LLC acted as the exclusive placement agent.
Richtech Robotics intends to use the net proceeds for working capital and general corporate purposes. These include further development of product candidates and procurement of inventory, specifically for robotic hardware.
The shares were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933 and/or Regulation D and have not been registered under the Securities Act or applicable state securities laws. Therefore, the shares may not be offered or sold in the United States without an effective registration statement or an applicable exemption. The Company has agreed to file a resale registration statement covering the shares.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy these shares. Nor will there be any sale of these shares in any jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under securities laws.
Richtech Robotics develops robotic solutions and data infrastructure, focusing on industrial, commercial, and data services. The company aims to provide automation, consistent service, and AI-driven improvement. Their robots work alongside people in factories and hospitality venues to enhance efficiency, precision, and quality.
Source: Richtech Robotics
