Richtech Robotics Inc. Announces Pricing of Upsized Initial Public Offering
LAS VEGAS, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Richtech Robotics Inc., (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada company and a provider of AI-driven service robots for the hospitality and healthcare industries, today announced the pricing of its upsized initial public offering of 2,100,000 shares of its Class B common stock at a price of $5.00 per share.
- LAS VEGAS, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Richtech Robotics Inc., (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada company and a provider of AI-driven service robots for the hospitality and healthcare industries, today announced the pricing of its upsized initial public offering of 2,100,000 shares of its Class B common stock at a price of $5.00 per share.
- The gross proceeds to Richtech Robotics from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by the Company, are expected to be $10.5 million.
- In addition, the Company has granted the underwriters a 45-day option from the closing of the Offering to purchase up to an additional 315,000 shares of Class B common stock at the public offering price, less underwriting discounts.
- The offering is expected to close on November 21, 2023 subject to the satisfaction of customary closing conditions.