Core Viewpoint - Richtech Robotics is facing a securities class action lawsuit following a significant drop in its stock price after Microsoft denied a commercial partnership that Richtech had previously announced [1][6]. Company Developments - On January 27, 2026, Richtech announced a collaboration with Microsoft, which led to a 30% increase in its stock price due to perceived commercial potential [4]. - Two days later, on January 29, 2026, Hunterbrook Media reported that Microsoft characterized the engagement as a standard customer program without any commercial element, resulting in a more than 20% decline in Richtech's stock price [6]. Legal Proceedings - The lawsuit aims to represent investors who acquired Richtech securities between January 27, 2026, and January 29, 2026, alleging that Richtech misled investors regarding its relationship with Microsoft [1][2]. - Hagens Berman, a law firm, is investigating claims that Richtech violated federal securities laws and is encouraging affected investors to come forward [2][7]. Financial Implications - Richtech's announcement of a dilutive private placement of 8.5 million Class B common shares on January 28, 2026, is under scrutiny, as it coincided with the misleading statements about the partnership with Microsoft [5].
Richtech Robotics (RR) Hit with Securities Class Action Amid Questions About Possible Pump and Dump - Hagens Berman