Core Viewpoint - Richtech Robotics Inc. is facing a securities fraud lawsuit following misleading statements regarding its collaboration with Microsoft, which led to significant stock price fluctuations during the specified class period [1]. Group 1: Company Overview - Richtech Robotics Inc. (NASDAQ: RR) announced a collaboration with Microsoft's AI Co-Innovation Labs on January 27, 2026, which resulted in a 44.6% increase in stock price [1]. - The company subsequently faced a stock price drop of $1.06, or 20.9%, to close at $4.02 per share on January 29, 2026, after a report indicated that the collaboration was merely a standard customer program without commercial elements [1]. Group 2: Legal Proceedings - A class action lawsuit has been filed on behalf of investors who purchased Richtech securities between January 27, 2026, and January 29, 2026, with a deadline of April 3, 2026, to file a lead plaintiff motion [1]. - The lawsuit alleges that Richtech made materially false and misleading statements about its business and operations, specifically regarding the nature of its relationship with Microsoft [1].
Deadline Alert: Richtech Robotics Inc. (RR) Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP About Securities Fraud Lawsuit