{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-046085","form_type":"8-K/A","ticker":"RFL","cik":"0001713863","company_name":"Rafael Holdings, Inc.","filed_at":"2024-05-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.705973+00:00","generated_at":"2026-06-01T09:15:31.331322+00:00","sec_items":["9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Rafael Holdings files audited FY2023 financials of acquired Cornerstone; net income $4.2M but going concern noted","bullets":["Cornerstone FY2023 net income $4.2M (vs loss $10.2M FY2022) driven by $21.7M derivative gain; no product revenue.","Auditor expresses substantial doubt about going concern due to recurring losses and negative operating cash flows.","Total liabilities $88.9M vs assets $17.9M; accumulated deficit $261M; debt defaults on $12.2M convertible notes.","Acquisition of controlling interest closed March 13, 2024 after stockholder restructuring approvals.","Pro forma condensed combined financial statements filed as Exhibit 99.3; cash used in operations $7.2M in FY2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-046085","json":"https://secwatch.observer/filing/0001213900-24-046085.json","markdown":"https://secwatch.observer/filing/0001213900-24-046085.md","text":"https://secwatch.observer/filing/0001213900-24-046085.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1713863/000121390024046085/0001213900-24-046085-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1713863/000121390024046085/ea0206676-8ka1_rafael.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T09:15:31.331322+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}