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Update: Richtech Robotics Shares Rise After Approval of $12 Million Stock Buyback Program

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(Updates with recent share movement in the first paragraph.)

Richtech Robotics (RR) shares rose more than 18% in Tuesday trading after it said its board approved a stock repurchase program to buy up to $12 million of the company's class B common stock.

The program will be executed pursuant to a Rule 10b5-1 trading plan and will be subject to market conditions and the plan's terms, the company said.

The company said it is not obligated under the program to repurchase any specific number of shares, and that the program may be modified, suspended, or terminated at any time by the board of directors without notice.

Price: $1.92, Change: $+0.30, Percent Change: +18.58%

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