If you have suffered a loss on your Richtech Robotics Inc. (“Richtech” or the “Company”) (NASDAQ:RR) investment, contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below to discuss your rights or interests in the securities fraud class action lawsuit at no cost.
Investors have until April 3, 2026 to ask the Court to appoint them as lead plaintiff. Courts do not consider applications filed after this deadline. The lead plaintiff oversees the litigation on behalf of the class and may influence key decisions, including litigation strategy and settlement. Courts regularly appoint individual investors as lead plaintiffs, not only institutions.
[CONTACT THE FIRM IF YOU SUFFERED A LOSS]
What Is The Lawsuit About?
The lawsuit has been filed on behalf of investors who purchased securities during the period of January 27, 2026 through January 29, 2026, inclusive (“the Class Period”). The lawsuit alleges that: 1) Richtech claimed that it had a collaborative and commercial relationship with Microsoft when it did not; and (2) as a result, defendants’ statements about Richtech’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times.
On January 20, 2026, Richtech filed its From 10-K, seven days past its extended deadline on January 13, 2026.
On January 27, 2026, Richtech announced a “hands-on collaboration” with Microsoft through Microsoft's AI Co-Innovation Labs to “jointly develop and deploy” agentic AI in robotic systems. On this news, the price of Richtech shares increased by $1.70 per share, or approximately 44.6%, from $3.81 per share on January 26, 2026 to close at $5.51 on January 27, 2026.
On January 28, 2026, Richtech announced a private placement of $38.7 million Class B shares. On this news, the price of Richtech shares declined by $0.43 per share, or approximately 7.8%, from $5.51 per share on January 27, 2026 to close at $5.08 on January 28, 2026.
On January 29, 2026, Hunterbrook Media issued a report alleging that the company mischaracterized a non-commercial participation in Microsoft’s AI Co-Innovation Labs as a “close collaboration.” According to the report, Microsoft stated that the engagement was a standard customer program with no commercial element, despite Richtech’s public statements implying a meaningful partnership. The report further noted that the announcement preceded a dilutive private placement and followed Richtech’s failure to file its Form 10-K in a timely manner, raising questions about the accuracy of the company’s prior disclosures. On this news, the price of Richtech shares declined by $1.06 per share, or approximately 20.9%, from $5.08 per share on January 28, 2026 to close at $4.02 on January 29, 2026.
[CLICK HERE TO LEARN MORE ABOUT THE CLASS ACTION]
What Should I Do?
If you purchased or otherwise acquired Richtech securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
[WHAT IS A SECURITIES CLASS ACTION?]
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
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Kirby McInerney LLP
Lauren Molinaro, Esq.
212-699-1171
https://www.kmllp.com
https://securitiesleadplaintiff.com/
investigations@kmllp.com
