Reported Earlier, Richtech Robotics Prices Upsized $21M Public Offering Of ~15.6M Shares And Warrants Priced At $1.35
Portfolio Pulse from Benzinga Newsdesk
Richtech Robotics has announced a $21 million public offering of approximately 15.6 million shares and warrants, priced at $1.35 each. The warrants are exercisable immediately and expire in five years. The company plans to use the proceeds for working capital, product development, and inventory procurement.
August 30, 2024 | 7:12 am
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Richtech Robotics is conducting a $21M public offering with shares and warrants priced at $1.35. The proceeds will be used for working capital, product development, and inventory procurement.
The public offering is likely to provide Richtech Robotics with significant capital to enhance its operations and product development. The pricing of shares and warrants at $1.35 could attract investors, potentially leading to a positive short-term impact on the stock price.
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