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Richtech Robotics Drops On Restatement Filing
Benzinga·
Richtech Robotics announced it will restate financial results for FY2024-FY2025 due to accounting errors related to warrant liabilities, SEPA agreements, and restricted stock awards. The errors were identified by new auditor CBIZ CPAs during review of March 31, 2026 statements. The company expects material weaknesses in internal controls. Stock declined 5.87% to $2.16 on the news, trading significantly below key moving averages.
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