secwatch.observer — SEC 8-K summary
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Issuer:     Rafael Holdings, Inc. (RFL)
CIK:        0001713863
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0001213900-23-045976
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Rafael Holdings invests $5M in Cyclo Therapeutics for 4M shares and warrant
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- Rafael Holdings to purchase 4M shares of Cyclo Therapeutics common stock plus warrant for additional 4M shares at $1.25 per share; total investment $5M.
- Warrant exercisable at $1.25/share for 7 years from issuance.
- Closing subject to Cyclo stockholder approval per Nasdaq Listing Rule 5635.
- Rafael Holdings gets board designee (additional to CEO William Conkling) on Cyclo's board.
- Registration rights agreement amended to require filing for resale of shares and warrant shares upon request.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1713863/000121390023045976/0001213900-23-045976-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1713863/000121390023045976/ea179750-8k_rafaelhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-045976

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