Richtech Robotics Shares Decline Again; RR Investors Should Contact Block & Leviton to Recover Losses

LAS VEGAS, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. , (“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 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.

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 solicitation of an offer to buy these shares, nor shall there be any sale of these shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Richtech Robotics

Richtech Robotics develops advanced robotic solutions and the data infrastructure that makes its robots more intelligent. Guided by three strategic pillars — Industrial, Commercial, and Data Services — Richtech Robotics aims to deliver dependable automation, consistent service performance, and continuous AI-driven improvement at scale. From factory floors to hospitality venues, our robots work alongside people to enhance efficiency, precision, and quality. Learn more at www.RichtechRobotics.com, and connect with us on X, LinkedIn and YouTube.

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the intended use of net proceeds from the private placement.

These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, our financial performance and projections, our growth in revenue and earnings, and performance of Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the SEC on January 20, 2026, and other public filings with the SEC. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Investors:

CORE IR

investors@richtechrobotics.com

Media:

Timothy Tanksley

Director of Marketing

Richtech Robotics, Inc

press@richtechrobotics.com

702-534-0050

Richtech Robotics Inc. (RR) shares slipped more than 12% on Wednesday, paring earlier gains after the announcement of its partnership with Microsoft Corp. (MSFT) drove prices up in the prior session.

The Nevada-based service robots company on Wednesday announced a private placement of $38.7 million, selling 8,500,000 Class B common shares at the market price.

The deal is expected to close around Jan. 29, 2026, as per a statement from the company.

Richtech Robotics said it plans to use the net proceeds from the private placement for working capital, general corporate purposes, developing product candidates, and purchasing inventory, specifically for robotic hardware.

The Microsoft Partnership

Richtech Robotics announced a partnership with Microsoft on Tuesday to jointly work on agentic artificial intelligence applications in real-world robotic systems, sending its shares soaring after the deal was revealed.

Facilitated through Microsoft’s AI Co-Innovation Labs, the collaboration intends to improve Richtech’s ADAM robot with Azure AI’s technologies, aimed at boosting its perception, vision, reasoning, and interactions in physical environments.

The robotics company highlighted the use-case for these agentic AI capabilities in multiple real-world sectors, including logistics, hospitality, and manufacturing.

Earlier this month, the company’s COO Phil Zheng said Richtech Robotics isn’t aiming for full automation but selective workflow relief, noting that even robots handling just 10% of daily tasks can meaningfully free humans for higher-value work.

How Did Stocktwits Users React?

On Stocktwits, retail sentiment around RR shares remained in the ‘extremely bullish’ territory over the past day at the time of writing.

Meanwhile, message volumes were ‘extremely high.’ According to Stocktwits data from Wednesday morning, message volumes spiked by almost 83% in 24 hours.

One bullish user highlighted the fact that the private placement was not a discounted offering, noting that the investor likely did not cut a deal by buying at market price.

https://stocktwits.com/TreadingMoney/message/643127282

Another user said that while they didn’t necessarily like the offering, the stock was still cheap, and noted that early investors are winning.

https://stocktwits.com/camboni11/message/643144796

RR stock has gained over 70% in the last year.

LAS VEGAS, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. , (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announced today that it has entered into a definitive agreement with a fundamentally driven institutional investor for the purchase and sale of 8,500,000 shares of the Company’s Class B common stock in a private placement priced at the market under Nasdaq rules. The private placement is expected to close on or about January 29, 2026, subject to the satisfaction of customary closing conditions.

Rodman & Renshaw LLC is acting as the exclusive placement agent for the offering.

The gross proceeds from the offering are expected to be 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.

The shares described above are being 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 solicitation of an offer to buy these shares, nor shall there be any sale of these shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Richtech Robotics

Richtech Robotics develops advanced robotic solutions and the data infrastructure that makes its robots more intelligent. Guided by three strategic pillars — Industrial, Commercial, and Data Services — Richtech Robotics aims to deliver dependable automation, consistent service performance, and continuous AI-driven improvement at scale. From factory floors to hospitality venues, our robots work alongside people to enhance efficiency, precision, and quality. Learn more at www.RichtechRobotics.com, and connect with us on X, LinkedIn and YouTube.

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the completion of the private placement, the satisfaction of customary closing conditions related to the private placement and the intended use of net proceeds from the private placement.

These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, our financial performance and projections, our growth in revenue and earnings, and performance of Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the SEC on January 20, 2026, and other public filings with the SEC. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Investors:

CORE IR

ir@richtechrobotics.com 

Media:

Timothy Tanksley

Director of Marketing

Richtech Robotics, Inc

press@richtechrobotics.com 

702-534-0050

Al Root

SpaceX appears to be on track for one of the largest initial public offerings of stock in history.

Investors will be arguing about space, valuations, growth rates, competitive moats, Elon Musk, and just about everything else. All those topics are important, but what about the stock symbol?

Strangely, investors can bet on the stock " ticker" on Polymarket, a prediction market where people can bet on the outcome of real-world events.

Currently, there are a few leading contenders: SPAX, MARS, SEX, SX, X, and SPACE.

Five-letter tickers are unusual, so SPACE is probably out. Musk likes innuendo. The names of Tesla models spell out S3XY, or sexy. Still, MARS and X seem to be the best bets, according to Barron's.

X is our favorite. The selection of X would be more than just a ticker symbol, though. It would fuel speculation that Musk, who likes the letter, could start to merge his far-flung tech empire into a mega-corporation.

That idea isn't new. Tesla shareholders recently voted in favor of a non-binding proposal to have Tesla invest in Musk's artificial-intelligence company xAI, which now owns the social media platform X. What's more, Wedbush analyst Dan Ives told Barron's he expects cross-investments from Musk's companies into one another someday.

U.S. Steel had the X ticker before it was bought by Nippon Steel earlier this year. That likely freed up the letter, but U.S. Steel didn't immediately respond to a request for comment about the status of its letter X.

If there are no hurdles, such as prior control, Musk might still prefer to keep X for another idea. MARS would be the next best bet. SpaceX exists in part to make human life multiplanetary. Getting to Mars has always been a priority for Musk.

As for SX or SPAX, they just aren't that catchy. And, for Barron's, SPAX is too close to SPAC, short for special purpose acquisition company.

To be sure, we don't recommend betting on the ticker symbol. Still, it's a fun thing to muse about.

As for the IPO, Musk all but confirmed the idea in a recent tweet. And Bloomberg reported Wednesday that SpaceX had informed employees of a quiet period ahead of an IPO. That's to ensure people don't discuss valuations and the business piecemeal, potentially disadvantaging some investors. SpaceX didn't immediately respond to a request for comment about the report.

SpaceX might seek to raise $30 billion and value the company at $1.5 trillion. The money would be used partly to accelerate AI data centers in space. It could also accelerate the development of Starship, the largest rocket launch system ever built by humanity, and Starlink, SpaceX's space-based broadband service.

"If SpaceX does go public....this could become an instant new entrance into what you could call the Magnificent Eight," says Andrew Chanin, CEO of ProcureAM, which offers the Procure Space exchange-traded fund. "This would potentially be the biggest IPO since [Saudi oil company] Aramco, if not the biggest ever."

It's going to be an exciting few months for the space industry, which SpaceX essentially invented by pioneering reusable rockets. (RR isn't available as a stock symbol, by the way. That's being used by Richtech Robotics.)

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

By Josh Beckerman

Shares of iRobot, Richtech Robotics and Serve Robotics climbed following a report that the Trump administration is working on accelerating development of the robotics sector.

Richtech shares were up 18%, to $4.18, and Serve rose 16%, to $11.60, late Wednesday. IRobot, which has a smaller market value, surged 67%, to $3.25.

The Trump administration is considering issuing an executive order related to the sector next year, Politico reported, citing people familiar with the matter.

Commerce Secretary Howard Lutnick has been meeting with robotics-industry chief executives and the Transportation Department is also preparing to announce a robotics working group, according to the report.

In a securities filing Monday, iRobot updated the risk factors from its 10-Q. On Tuesday, its stock closed up 15%, to $1.95, and peaked at $2.10 for the day.

In the filing, the Roomba maker said "It is unlikely that our ongoing review of strategic alternatives will result in any transaction being consummated outside of a bankruptcy process." It also reported that its contract manufacturer Picea bought the rights and interests of lenders under an iRobot credit agreement.

The company said last month that third-quarter results were hurt by market headwinds, production delays and shipping disruptions. Revenue fell to $145.8 million from $193.4 million.

Write to Josh Beckerman at josh.beckerman@wsj.com

(11:23 GMT) Richtech Robotics Price Target Raised to $6.00/Share From $3.50 by HC Wainwright & Co.