RICHTECH ROBOTICS INC.

Richtech Robotics announced its participation in HITEC 2026, the hospitality industry's premier technology event, from June 15-18 in San Antonio, TX. The company will showcase its AI-powered dual-armed beverage and food service robot, ADAM, and its DUST-E S autonomous cleaning solution at Booth #3224. The demonstrations will highlight how these robotics can enhance guest experiences, improve operational efficiency, and address labor challenges in the hospitality sector.

Richtech Robotics Inc. announced that its Audit Committee, in consultation with management, concluded that previously issued financial statements for fiscal years ended September 30, 2025 and 2024, and interim periods in 2024 and 2025, should not be relied upon and require restatement. The errors primarily relate to the accounting for warrant liability, a Standby Equity Purchase Agreement (SEPA), and restricted stock awards. The company expects the restatement to involve non-cash adjustments and does not anticipate an impact on its cash position or operating cash flows. Additionally, the company expects to report an additional material weakness in internal control over financial reporting.

Richtech Robotics Inc. completed the acquisition of a 79,325 square foot facility in Las Vegas, Nevada, for approximately $21.2 million on May 29, 2026. The purchase was made through its wholly-owned subsidiary, Richtech Rainbow Holdings LLC, using cash on hand. This strategic acquisition will serve as a U.S.-based facility for warehousing, assembly, light manufacturing, R&D, testing, and AI/robotics data collection and training. Initial data center operations are expected by Fall 2026, with office space occupancy by the end of 2026.

Richtech Robotics Inc. received a notice from Nasdaq on May 22, 2026, indicating non-compliance with Listing Rule 5250(c)(1) due to the late filing of its Quarterly Report on Form 10-Q for the period ended March 31, 2026. The company has until July 21, 2026, to submit a plan to regain compliance, with a potential extension until November 16, 2026. While there is no immediate impact on trading, failure to comply could lead to delisting from the Nasdaq Capital Market.

Richtech Robotics Inc. has been named "Rookie of the Year" by the Vegas Golden Knights for the 2025 2026 season, marking a successful first year in the team's partner ecosystem. The recognition highlights the company's innovative fan engagement through its AI-driven robotic solutions, particularly its flagship robot ADAM, which provided interactive experiences at T-Mobile Arena. This honor coincides with the Golden Knights reaching the 2026 NHL Stanley Cup playoffs.