Rafael Holdings revises rights offering ratio to 0.603 shares per right at $1.28

Rafael Holdings, Inc.

Each subscription right now buys 0.603 Class B shares at $1.28, up from previously announced 0.526.
Rights offering expected to raise approximately $25 million for development of Trappsol Cyclo.
Record date May 9, 2025; subscription period runs May 13-29, 2025, 5 PM ET.
Howard Jonas to execute Standby Purchase Agreement for any unsubscribed shares at same price.
SEC registration statement effective April 29, 2025; offering made via prospectus supplement.

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