BENSALEM, Pa.–(BUSINESS WIRE)–Law Offices of Howard G. Smith reminds investors of the upcoming April 3, 2026 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Richtech Robotics Inc. (“Richtech” or the “Company”) (NASDAQ: RR) securities between January 27, 2026 and 12:00 PM EST on January 29, 2026, inclusive (the “Class Period”).
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN RICHTECH ROBOTICS INC. (RR), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On January 27, 2026, Richtech announced a “collaboration” with Microsoft’s AI Co-Innovation Labs to “jointly develop and deploy agentic artificial intelligence capabilities in real-world robotic systems.” On this news, Richtech’s stock prices increased by 44.6%.
On January 29, 2026, at 12:00 PM EST, Hunterbrook Media published an article stating that, according to Microsoft, the so-called collaboration with Richtech “was a ‘standard’ customer program with ‘no commercial element.’” Further, “[t]his comes after Richtech missed its 10-K deadline, hampering its ability to raise money through at-the-market offerings.”
On this news, Richtech’s stock price fell $1.06, or 20.9%, to close at $4.02 per share on January 29, 2026, thereby injuring investors.
What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Richtech claimed that it had a collaborative and commercial relationship with Microsoft when it did not; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
If you purchased or otherwise acquired Richtech securities during the Class Period, you may move the Court no later than April 3, 2026 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements.
Contact Us To Participate or Learn More:
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: [email protected],
Visit our website at: www.howardsmithlaw.com.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Contact Us:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
[email protected]
www.howardsmithlaw.com
