Richtech Robotics retreats after stock sale following Microsoft partnership

Richtech Robotics

28/01/2026 20:38

** Shares of Richtech Robotics RR.O down 10.4% to $4.95 on Weds after it raises equity on heels of announcing partnership with Microsoft MSFT.O

** AI-driven service robots provider early Weds said it sold 8.5 mln shares to an institutional investor in private placement for gross proceeds of approx $38.7 mln

** Sale price equates to about $4.55

** RR shares on Tues surged ~45% on heavy volume to close at $5.51 after Las Vegas, Nevada-based firm announced collaboration with MSFT to improve its robots

** RR plans to use net offering proceeds for working capital, general purposes, including further product candidate development, procurement of inventory for robotic hardware

** For fiscal year ending Sept 30, co reported revenue of about $5.05 mln and net loss of $15.8 mln

** With the move on the session, RR shares up ~52% this year and up about 80% over the past 12 months

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))