1 - RICHTECH ROBOTICS INC. -> SpinCo
RR / n/a ยท detected 2026-02-17
For more information about how the Selling Stockholder may sell its Shares, please see the section entitled “Plan of Distribution”
AI ”) technology company focused on developing advanced embodied AI systems that aims to improve the efficiency and productivity of U.S. businesses.
The Company intends to use the net proceeds for working capital, general corporate purposes, including the further development of our product candidates, and the procurement of inventory, specifically for robotic hardware.
Commercial teams will primarily concentrate on advancing the food service, lodging, medical, and event experience markets, while Industrial teams will primarily focus on the manufacturing, warehousing, and automotive sectors.
The Data Services team will be primarily focused on providing fundamental R&D support for both Commercial and Industrial product development as well as certain strategic partners.
Beginning in the fourth quarter of fiscal year 2025, we reorganized our product portfolio and internal teams into three strategic pillars: Commercial, Industrial, and Data Services.