** Richtech Robotics' RR.O shares down 8.9% premarket to $2.35 as co looks to raise equity
** Maker of robots for restaurants, hotels, senior living homes and other businesses late Fri filed $100 mln ATM (at-the-market) stock offering agreement with Rodman & Renshaw, BTIG and H.C. Wainwright
** Las-Vegas, Nevada-based firm plans to use net proceeds for working capital, general purposes
** Co has ~114.8 mln shares outstanding for nearly $300 mln market cap
** From research coverage perspective, just H.C. Wainwright and Lake Street Capital cover RR, both with "buy" ratings, and PTs of $3.50 and $3.00, respectively, per LSEG data
** Through Fri close, RR down ~4% YTD. Stock was trading around $1.30 a year ago
** Richtech went public in Nov 2023 in $10.5 mln IPO at $5/sh
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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