Overview

A class action lawsuit has been filed against Richtech Robotics Inc., (“Richtech,” or the “Company”) (NASDAQ : RR) and certain of the Company’s senior executive officers (collectively, “Defendants”) alleging violations of federal securities laws. The Richtech lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Richtech securities between January 27, 2026, and 12:00 PM EST on January 29, 2026, inclusive (the “Class Period”). Investors have until April 3, 2026, to seek appointment as lead plaintiff of the Richtech class action lawsuit.

Richtech is a robotics and artificial intelligence (“AI”) technology company focused on developing advanced AI systems that aims to improve the efficiency and productivity of U.S. businesses.

On January 27, 2026, Richtech issued a press release entitled “Richtech Robotics Collaborates with Microsoft to Advance Agentic AI in Real-World Robotics Applications.” The Press Release contained the subheading “[j]oint engineering effort with Microsoft AI Co-Innovation Labs enhances Richtech’s ADAM robot and extends intelligent automation across physical environments.” The announcement of a collaboration with Microsoft caused Richtech stock to increase sharply, from a closing price of $3.81 on January 26, 2026, to a closing price of $5.51 on January 27, 2026, an increase of nearly 45%.

The lawsuit alleges Richtech made materially false and misleading statements in the Company’s press release regarding a commercial collaboration or joint engineering effort between Richtech and Microsoft. Specifically, the complaint alleges Richtech falsely claimed that it had a collaborative relationship with Microsoft to raise the price of its stock for a private placement. On January 28, 2026, one day after touting a collaboration with Microsoft, Richtech announced a $38.7 million private placement.

The truth was revealed on January 29, 2026, at 12:00 PM EST, when Hunterbrook Media (“Hunterbrook”) published an article entitled “Breaking: Microsoft Denies Partnership with Richtech Robotics” (the “Hunterbrook Article”). The Hunterbrook Article stated that the “collaboration” Richtech announced was actually “participation in a free prototyping program available to Microsoft customers — not a commercial partnership.” The Hunterbrook Article also stated, “to the extent Richtech actually achieved anything with this press release, its signature accomplishment appears to have been convincing the market that an ordinary, complimentary customer training session amounted to some kind of partnership.” On this news Richtech’s Class B common stock fell $1.06 per share, or nearly 21%, to close at $4.02 on January 29, 2026. The following day, Richtech Class B common stock declined further, by $0.44 per share, or nearly 11%, to close at $3.58 per share on January 30, 2026.

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If you purchased or otherwise acquired Richtech securities between January 27, 2026, and 12:00 PM EST on January 29, 2026, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara or Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Richtech lawsuit is April 3, 2026.