Richtech Robotics Files $18 Million Stock Shelf

MT Newswires Live08-27

Richtech Robotics (RR) filed a registration statement Tuesday to sell up to 14.5 million shares of Class B common stock from time to time for net proceeds of up to $18 million.

The offering includes pre-funded warrants and warrants to purchase equal amounts of class B common stock, along with placement agent warrants for around 1 million shares of class B common stock, the company said.

Up to 29,999,999 shares of Class B common stock are issuable on exercise of the pre-funded warrants, warrants and placement agent warrants, the company said.

Richtech Robotics said it plans to use the net proceeds from the offering for working capital and general corporate purposes.

Price: 1.61, Change: -0.03, Percent Change: -1.77

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment