Richtech Robotics Inc. disclosed that it received a notice from Nasdaq on May 22, 2026, for failing to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026. On July 20, 2026, the company submitted a plan to regain compliance, seeking an extension until November 16, 2026. Nasdaq has not yet accepted the plan, and there is no assurance of approval or successful compliance within the extension period. If the plan is rejected, the company may appeal to a Nasdaq hearings panel. The company operates in the robotics industry, specializing in autonomous mobile robots for commercial cleaning.

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.