On March 19, 2026, Richtech Robotics Inc. filed an 8-K report detailing significant changes in its accounting oversight. The company has terminated its relationship with Bush & Associates CPA LLC, effective March 17, 2026. This decision was made by the Audit Committee and the Board of Directors, indicating a strategic shift in the company's financial governance. Notably, the termination was not due to any disagreements regarding accounting practices or financial disclosures, as confirmed by the audit reports for the fiscal years ending September 30, 2025, and September 30, 2024, which did not contain adverse opinions.

In light of this change, Richtech has engaged CBIZ CPAs P.C. as its new independent public accounting firm. This transition aims to enhance the company's financial reporting and oversight capabilities as it prepares for the upcoming fiscal year ending September 30, 2026. The company has acknowledged a material weakness in its internal controls over financial reporting, which was previously identified during the audit process. Management has initiated remedial measures to address these weaknesses, including improvements in internal controls and oversight.

The filing also highlights that there were no reportable events or disagreements with the previous accounting firm that would have necessitated disclosure. The company is committed to ensuring that its financial reporting meets the highest standards and is taking proactive steps to strengthen its governance and operational execution. This change in auditors is expected to positively influence investor confidence and the company's strategic outlook moving forward.

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