Rafael Holdings announces $25M rights offering at $1.28/share, backstopped by Chairman

Rafael Holdings, Inc.

Offering of up to $25M via non-transferable rights: each right buys 0.526 share at $1.28.
Record date May 9, 2025; subscription period May 13-29, 2025.
Howard Jonas, Executive Chairman, fully backstops any unsubscribed shares.
Proceeds to fund potential launch of Trappsol Cyclo if positive interim Phase 3 data.
SEC registration declared effective April 29, 2025; rights are non-transferable.

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