Richtech Robotics Announces Installation of ADAM Service Robot at tm:rw in Times Square; First Coffee Served to NBA Superstar Shaquille O’Neal

Richtech Robotics (NASDAQ: RR) installed its ADAM dual-armed service robot at tm:rw in Times Square to serve coffee and beverages to visitors.

Rhea-AI Summary

Richtech Robotics (NASDAQ: RR) installed its ADAM dual-armed service robot at tm:rw in Times Square to serve coffee and beverages to visitors. ADAM, accelerated by NVIDIA Jetson Thor, is positioned at the store front and served its first coffee to brand ambassador Shaquille O’Neal on April 9, 2026. The company frames ADAM as a solution for hospitality labor scarcity, rising overhead, and 24/7 automation needs while demonstrating customer interaction and environment adaptation capabilities.

Positive

• ADAM installed at tm:rw Times Square retail location
• First live service interaction: coffee served to Shaquille O’Neal
• ADAM uses NVIDIA Jetson Thor for accelerated onboard AI
• Dual-armed design enables beverage service and customer interaction

Negative

• Deployment limited to a single tm:rw store (pilot-scale)
• No financial terms, commercial roll-out timeline, or revenue impact disclosed

Argus Apr 28 session

-4.37% close to close Open Argus

Details

News Market Reaction – RR

On Apr 28, the day this news came out, RR closed 4.37% below the previous close.

Data tracked by StockTitan Argus for the Apr 28 session.

Market Context

This announcement places Richtech’s ADAM robot in a high-traffic Times Square tech store, enhancing ...

Analysis

This announcement places Richtech’s ADAM robot in a high-traffic Times Square tech store, enhancing brand visibility and real-world validation for its AI-driven service robotics. It follows a European distribution deal and comes amid sizable liquidity and an effective $1,000,000,000 ATM shelf. Investors monitoring this story often focus on how deployments translate into RaaS growth versus ongoing losses, legal overhangs, and execution on recently expanded facilities and infrastructure.

Key Figures

Current price: $2.52 ATM shelf size: $1,000,000,000 Quarterly revenue: $1.15 million +5 more

Current price

$2.52

RR pre-news state, up 2.44% over prior 24h

ATM shelf size

$1,000,000,000

S-3ASR base prospectus and ATM for Class B common stock

Quarterly revenue

$1.15 million

Quarter ended Dec 31, 2025 per 10-Q

Net loss

$8.4 million

Quarter ended Dec 31, 2025 per 10-Q

Cash & equivalents

$271.8 million

Liquidity as of Dec 31, 2025 per 10-Q

Private placement

$38.7 million

Post-quarter-end private placement boosting liquidity

Property purchase

$21,180,000

Planned Las Vegas facility purchase including $600,000 earnest money

Gross margin

52.3%

Quarter ended Dec 31, 2025 per 10-Q

Historical Context

5 past events · Latest: Apr 08

5 events

1. Apr 08

   Europe expansion deal

   24h Move

   +8.8%

   Distribution agreement to sell and service robots across Netherlands and EU/Schengen.

2. Apr 01

   Class action deadline

   24h Move

   -3.4%

   Securities class action over alleged misleading AI partnership claims and Apr. 3 deadline.

3. Mar 20

   Auditor change

   24h Move

   -3.6%

   Termination of prior auditor and engagement of CBIZ CPAs as new independent auditor.

4. Feb 24

   Class action filed

   24h Move

   -1.9%

   Filing of securities class action lawsuit with lead plaintiff deadline disclosed.

5. Feb 17

   Shareholder letter & results

   24h Move

   -7.4%

   Strategic shift to RaaS and data services alongside higher loss and stock-based compensation.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

robotics-as-a-service, rule 144, form 144, s-3asr, +4 more

8 terms

robotics-as-a-service technical

"advancing Richtech’s Robotics-as-a-Service expansion after ProWein 2025."

Robotics-as-a-service (RaaS) is a business model where companies rent or subscribe to robots and related software instead of buying them outright, much like leasing a car or subscribing to cloud storage. It matters to investors because it turns large, one-time equipment costs into recurring revenue for suppliers while lowering upfront barriers for users, which can speed adoption, smooth cash flow and create predictable long-term income streams.

rule 144 regulatory

"The sale was made pursuant to <b>Rule 144</b>."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

View in glossary

form 144 regulatory

"submitted a Form 144 notice relating to the proposed sale of 12,500 shares"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

View in glossary

s-3asr regulatory

"filed an S-3ASR base prospectus and an at-the-market prospectus"

A Form S-3ASR is a pre-approved registration that lets an eligible public company load a shelf of securities it may sell later without repeating a full regulatory review each time. Think of it like a pre-authorized credit line for issuing stocks or bonds: it gives the company fast, flexible access to raise money, which matters to investors because it can signal financial readiness but also means potential share dilution or swift changes in capital structure.

at-the-market prospectus financial

"filed an S-3ASR base prospectus and an at-the-market prospectus providing"

An at-the-market prospectus is the official offering document that lets a company sell newly issued shares gradually into the open market at current trading prices instead of all at once. For investors, it signals a company’s ability to raise cash flexibly but also the potential for additional shares to appear over time, which can dilute existing holdings and put downward pressure on the stock—think of slow, steady restocking that can affect supply and price.

schedule 13g/a regulatory

"filed Amendment No. 1 to a Schedule 13G/A reporting 0 shares"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

10-q regulatory

"title": "[10-Q] RICHTECH ROBOTICS INC. Quarterly Earnings Report""

A 10-Q is a company’s required quarterly filing with U.S. regulators that provides updated financial statements, management discussion of results, and disclosures about risks, legal matters and operational changes. Think of it as a quarterly report card and progress update that lets investors track recent performance, spot trends or warning signs between annual reports, and make informed buy/sell decisions based on the latest verified financial and business information.

View in glossary

s-1 regulatory

"has filed a Form S-1 to register 8,500,000 shares of its Class B"

A Form S-1 is a detailed registration document filed with U.S. regulators when a company intends to sell shares to the public for the first time or raise new equity. It acts like a company’s full disclosure booklet — describing business operations, risks, finances and how the proceeds will be used — and matters to investors because it provides the primary, official information needed to judge the company’s prospects and risks before buying stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ADAM to serve coffee and beverages at NYC tech store focusing on future trends, technology, culture, and entertainment 

Las Vegas, April 28, 2026 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or “the Company”), a Nevada-based provider of AI-driven service robots, announces the installation of its ADAM service robot at tm:rw, a tech store in Times Square, New York. ADAM is situated at the front of tm:rw, serving coffee and beverages to visitors and passersby. The first coffee from ADAM was served to tm:rw brand ambassador, NBA superstar Shaquille O’Neal on April 9, 2026.

“Our collaboration with tm:rw is emblematic of our approach to our business. tm:rw is focused on what’s next in tech, entertainment, and culture, and we believe ADAM is paving the way for innovation in service robotics. This is an exciting collaboration for Richtech Robotics, and we look forward to continued opportunities to demonstrate ADAM and our other offerings to consumer brands,” said Richtech Robotics’ CEO Wayne Huang.

Richtech Robotics’ robots aim to enhance business operations by working alongside employees in both the Commercial and Industrial sectors. The Company’s technology is designed to directly address key challenges within the hospitality and service sectors, such as labor scarcity, escalating overhead, and the need for reliable, round-the-clock automation.

ADAM is Richtech Robotics’ flagship robot accelerated by NVIDIA Jetson Thor. It is a dual-armed beverage service robot that can interact with customers, provide drink recommendations, and adapt to changes in its environment.

About tm:rw

tm:rw is the global home of innovation. A destination where the world’s most advanced technologies, brands, and experiences come together – redefining how people discover, engage with, and experience what’s possible. 

About Richtech Robotics

Richtech Robotics develops advanced robotic solutions and the data infrastructure that makes its robots more intelligent. Guided by three strategic pillars — Industrial, Commercial, and Data Services — Richtech Robotics aims to deliver dependable automation, consistent service performance, and continuous AI-driven improvement at scale. From factory floors to hospitality venues, our robots work alongside people to enhance efficiency, precision, and quality. Learn more at www.RichtechRobotics.com, and connect with us on X, LinkedIn and YouTube.

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.

These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, risks related to the ability of the parties to deliver the anticipated benefits of the partnership to clients, and risks related to Richtech Robotics’ ability to realize the benefits of the collaboration described herein. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on January 20, 2026, and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Investors:
CORE IR
investors@richtechrobotics.com

Media: 
Kelsey Romero
press@richtechrobotics.com 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Richtech Robotics announce about the ADAM robot at tm:rw (RR)?

Richtech Robotics installed ADAM to serve beverages at tm:rw in Times Square. According to Richtech Robotics, ADAM is positioned at the store front to serve coffee and interact with visitors, demonstrating customer-facing service use cases on April 9, 2026.

When did ADAM serve its first coffee to Shaquille O’Neal at tm:rw (RR)?

ADAM served its first coffee to Shaquille O’Neal on April 9, 2026. According to Richtech Robotics, that interaction marked the robot's initial public service demonstration at the Times Square tm:rw location.

What hardware powers ADAM and what capabilities does it have (RR)?

ADAM is accelerated by NVIDIA Jetson Thor and is a dual-armed beverage service robot. According to Richtech Robotics, it can interact with customers, provide drink recommendations, and adapt to changes in its environment.

How does Richtech Robotics position ADAM for the hospitality sector (RR)?

Richtech Robotics presents ADAM as a response to labor scarcity, rising overhead, and need for 24/7 automation. According to Richtech Robotics, the robot is intended to work alongside employees in commercial and industrial settings.

Does the announcement include commercial terms or rollout plans for ADAM (RR)?

No commercial terms, pricing, or a broader rollout timeline were disclosed in the announcement. According to Richtech Robotics, the current installation at tm:rw is a demonstrative deployment without stated financial details.