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Richtech Robotics Inc. concluded that its previously issued financial statements for fiscal years 2024 and 2025 and…
RRRichtech Robotics Inc.
Richtech Robotics Inc. concluded that its previously issued financial statements for fiscal years 2024 and 2025 and several interim periods in 2024 and 2025 should not be multiple relied upon due to accounting errors regarding warrant liability, the Standby Equity Purchase Agreement (SEPA), and restricted stock awards. The company expects to restate its audited annual reports and quarterly reports to correct these non-cash accounting adjustments. Richtech Robotics Inc. is a provider of service robotics technology for various industries including hospitality and hospitality-related sectors.