Rafael Holdings buys $5M of Cyclo Therapeutics shares and warrants

Rafael Holdings, Inc.

Purchased 4,000,000 Cyclo common shares and a 7-year warrant for 4,000,000 more at $1.25 strike for $5M total.
The closing occurred on August 1, 2023 after Cyclo obtained stockholder approval on July 31, 2023.
This adds to an April 2023 purchase of 2,514,970 Cyclo shares and warrants at $0.71 strike.
The investment is part of a Securities Purchase Agreement first disclosed in the June 5, 2023 8-K.

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