Completion of Acquisition or Disposition of Assets · Other Events
Item 2.01 Completion of Acquisition or Disposition of Assets. As previously reported on a Current Report on the Form 8-K as filed with the Securities and Exchange Commission on April 7, 2026, Richtech Robotics Inc., a Nevada corporation (the “ Company ”), entered into a purchase and sale agreement, dated as of April 1, 2026 (the “Purchase and Sale Agreement”), with PSIF EBS Rainbow LLC, a Delaware…
Filed Jun 3, 2026Accepted Jun 3, 2026, 8:01 AM EDTCIK 1963685Accession 0001213900-26-064448
Richtech is a robotics and artificial intelligence (“AI”) technology company focused on developing advanced embodied AI systems that aims to improve the efficiency and productivity of U.S. businesses. Richtech trains proprietary artificial intelligence models on in-house data to operate advanced robotic systems in the real world. We design, engineer, manufacture, and deploy next generation embodied AI systems to serve a wide range of industries — including food service, retail, industrial manufacturing, automotive, healthcare, and hospitality. Our robots are designed to be user friendly, reliable, and highly customizable, with the goal of driving tangible profit and loss (“P&L”) improvements for our customers.
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Item 2.01Item 2.01 - Completion of Acquisition
Item
2.01 Completion of Acquisition or Disposition of Assets.
As
previously reported on a Current Report on the Form 8-K as filed with the Securities and Exchange Commission on April 7, 2026, Richtech
Robotics Inc., a Nevada corporation (the “ Company ”), entered into a purchase and sale agreement, dated as of
April 1, 2026 (the “Purchase and Sale Agreement”), with PSIF EBS Rainbow LLC, a Delaware limited liability company
(the “Seller”), with respect to the purchase of property, as described in more detail in the Purchase and Sale Agreement,
including an approximately 79,325 square foot building located at 9530 S. Rainbow Blvd., Las Vegas, Nevada 89139 (the “Property”).
On May 15, 2026, the Company assigned its rights and obligations under the Purchase and Sale Agreement to Richtech Rainbow Holdings LLC,
a Nevada limited liability company (“Richtech Rainbow Holdings”) and a wholly-owned subsidiary of the Company. The
purchase price of $21,180,000.00 was paid with the Company’s cash on hand.
On
May 29, 2026, the Company, via Richtech Rainbow Holdings, completed the purchase of the Property as contemplated in the Purchase and Sale Agreement. The Company intends to utilize the Property as a strategic U.S.-based facility for warehousing, assembly
and light manufacturing, as well as research and development, testing, and robotics-driven data collection and model training to support
the continuous improvement of the Company’s robotics and AI systems.
Item
8.01. Other Events.
On
June 3, 2026, the Company issued a press release announcing the completion of the Property purchase. A copy of the press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
Forward-Looking Statements
This
Current Report on Form 8-K includes “forward-looking statements” within the meaning of Section 27A of the Securities
Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included
in this Form 8-K are forward-looking statements. When used in this Form 8-K, words such as “anticipate,”
“believe,” “continue,” “could,” “estimate,” “expect,” “intend,”
“may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,”
“should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking
statements. Such forward-looking statements are based on the beliefs of the Company’s management, as well as assumptions made by,
and information currently available to, the Company’s management. Actual results could differ materially from those contemplated
by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent
written or oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety
by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company,
including those set forth in the “Risk Factors” section of the Company’s Annual Reports on Form 10-K, Quarterly
Reports on Form 10-Q and initial public offering prospectus. The Company undertakes no obligation to update these statements
for revisions or changes after the date of this release, except as required by law.
Filed exhibits (1)
EX-99.1 (by filename) ea029335001ex99-1.htm
EX-99.1
2
ea029335001ex99-1.htm
PRESS RELEASE, DATED JUNE 3, 2026
Exhibit 99.1
Richtech Robotics Completes
Strategic Acquisition of Warehouse Facility in Las Vegas to Accommodate Robotics and AI Powered Growth Objectives
Expanded warehouse capacity represents the development
of integrated AI powered infrastructure and supply capabilities to drive advancements in the Company’s three strategic pillars,
Industrial, Commercial, and Data Services
LAS VEGAS, June 3, 2026 (GLOBE NEWSWIRE) -
Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or “the Company”), a Nevada-based robotics company developing
AI-driven automation solutions for commercial and industrial applications, announces that it has completed the previously announced acquisition
of a facility in Las Vegas, Nevada for a total purchase price of approximately $21.2 million. The acquisition, which was first announced
on April 1, 2026, was completed on May 29, 2026. The 79,325 square foot warehouse facility strategically expands Richtech Robotics’
Las Vegas geographic footprint.
“Building on our strong existing presence
in the Las Vegas region, we have further solidified our commitment to our U.S. asset strategy th…