Core Viewpoint - Richtech Robotics Inc. faced a significant decline in share price, dropping over 20% in intraday trading on January 29, 2026, following allegations of misrepresentation regarding its collaboration with Microsoft and missing its 10-K extended filing deadline [1][4]. Group 1: Allegations and Investigations - Hunterbrook Media published a report accusing Richtech Robotics of mischaracterizing its collaboration with Microsoft and failing to meet its 10-K filing deadline, which had already been extended by fifteen days in December 2025 [2][3]. - Gibbs Mura is investigating a potential securities class action lawsuit against Richtech Robotics, focusing on whether the company violated federal securities laws by providing false or misleading statements to investors [1][2]. Group 2: Details of the Collaboration and Filing Issues - On January 27, 2026, Richtech Robotics announced a "hands-on collaboration" with Microsoft through Microsoft's AI Co-Innovation Labs, aimed at developing agentic AI in robotic systems. However, Hunterbrook Media claims that Microsoft denied any partnership, stating that Richtech Robotics is merely a customer involved in a standard customer engagement without commercial elements [3]. - Richtech Robotics filed an NT 10-K notification of late filing in December 2025, which extended its 10-K filing deadline to January 13, 2026. The company ultimately filed the 10-K seven days after this extended deadline, on January 20, 2026. This delay raises questions about whether Richtech Robotics received a deficiency notice from NASDAQ and failed to disclose it publicly as required [3].
Richtech Robotics Inc. Under Investigation After 20% Stock Drop