Richtech Robotics Inc. is trading 7.8% down at $2.12 after the company warned investors that two full years of its financial statements contain errors and are no longer reliable.
- The company stated that historical financials from the past two years "can't be trusted," significantly deepening an existing credibility crisis.
- This disclosure follows an ongoing securities class-action lawsuit and a prior Nasdaq compliance warning regarding the company's reporting.
- Market sentiment remains pressured as investors reassess the company's overall valuation and the integrity of its historical financial data.