Richtech Robotics Inc. - Class B Common Stock (RR)

NetworkNewsWire Editorial Coverage : The hospitality industry is rapidly evolving as artificial intelligence (“AI”) and robotics bring sweeping change. Hotels that implement automation are seeing operational costs drop by 30%–40%, along with enhanced guest satisfaction and stronger revenue strategies. The AI-driven hospitality market is projected to surge to $1.46 billion by 2029 with an impressive 57.8% compound annual growth rate (“CAGR”), while the broader hospitality robotics sector is anticipated to expand from $24.38 billion in 2024 to $107.24 billion by 2034. At the forefront of this transformation is Nightfood Holdings Inc. (NGTF) ( Profile ), an innovator in hospitality that fuses hotel ownership with a Robotics-as-a-Service (“RaaS”) business model powered by AI. The company recently disclosed plans to purchase a 155-room Holiday Inn in Victorville, California, marking its debut model property featuring guest-facing robots such as food runners and laundry assistants, developed by NGTF subsidiary Skytech Automated Solutions. Nightfood also partnered with Bear Robotics to roll out these automation solutions across its entire hotel portfolio, which is expected to grow to $80 million in assets. This positions Nightfood alongside other leaders in the hospitality, food and robotics space, including Starbucks Corp. (NASDAQ: SBUX), Domino’s Pizza Inc. (NASDAQ: DPZ), Airbnb Inc. (NASDAQ: ABNB) and…

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The companies intend to launch the robotic beverage system ADAM in customer facing locations inside 240 Ghost Kitchens restaurants

New AI empowers Richtech's premier robotic solution ADAM, to execute complex tasks like pouring draft beer with remarkable human-like precision

LAS VEGAS, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a trailblazer in collaborative robotic solutions for the service industry, announces a strategic alliance with MAC Marketing LLC (“MAC-USA”), a leading Vietnamese point-of-service (POS) provider. This groundbreaking partnership aims to revolutionize how merchants streamline their operations and elevate customer experiences through cutting-edge automation.

LAS VEGAS, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada company and a provider of AI-driven service robots for the hospitality and healthcare industries, today announced that it issued an additional 42,563 shares of the Company’s Class B common stock pursuant to partial exercise of the underwriters’ over-allotment option in connection with the Company’s initial public offering at $5.00 per share, resulting in additional gross proceeds of $212,815. Total proceeds of the Company's initial public offering, including the exercise of the over-allotment option, were $10,712,815.

LAS VEGAS, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics”), a Nevada company and a provider of AI-driven service robots for the hospitality and healthcare industries, today announced the closing of its upsized initial public offering (the “Offering”) of 2,100,000 shares of Class B common stock at a price to the public of $5.00 per share.

LAS VEGAS, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Richtech Robotics Inc., (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada company and a provider of AI-driven service robots for the hospitality and healthcare industries, today announced the pricing of its upsized initial public offering of 2,100,000 shares of its Class B common stock at a price of $5.00 per share. The offering was upsized from 2,000,000 shares.