RICHTECH ROBOTICS INC.

In January 2025, the Company received warrant exercise notices from three investors, collectively exercising an aggregate of 3,814,611 warrants, resulting in the issuance of 3,814,611 shares of Class B common stock and proceeds to the Company of $5,149,724.85, net of financial advisory fees.

On February 10, 2025, the Company entered into a warrant exercise inducement offer letter, which led to the exercise of warrants for 2,699,797 shares of Class B common stock, generating gross proceeds of approximately $3,644,726 before deducting financial advisory fees. In consideration for this exercise, the Company issued 2,699,797 new warrants with an exercise price of $4.00 per share.

During the three months ended March 31, 2025, the Company issued an aggregate of 730,822 shares of Class B common stock under the Amended and Restated Richtech Robotics, Inc. 2023 Stock Option Plan, consisting of the following: (i) 430,822 shares of Class B common stock were issued as compensation for consulting services, resulting in an increase of $1,174 thousand to Additional Paid-in Capital in accordance with ASC 718; (ii) 300,000 shares of Class B common stock were transferred to the Company’s Employee Stock Ownership Plan (ESOP) trust for future allocation to eligible employees. These shares are currently unallocated within the ESOP trust. The transfer resulted in an increase of $513,000 to Additional Paid-in Capital in accordance with ASC 718.