Richtech Robotics Announces Closing of Underwriters’ Over-Allotment Option in Connection With Its Initial Public Offering
LAS VEGAS, Dec. 27, 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 that it issued an additional 42,563 shares of the Company’s Class B common stock pursuant to partial exercise of the underwriters’ over-allotment option in connection with the Company’s initial public offering at $5.00 per share, resulting in additional gross proceeds of $212,815. Total proceeds of the Company’s initial public offering, including the exercise of the over-allotment option, were $10,712,815.
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