11:33 AM EDT, 08/27/2024 (MT Newswires) -- 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 ( RR ) said it plans to use the net proceeds from the offering for working capital and general corporate purposes.

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