Rafael Holdings launches $25M rights offering backstopped by Chairman Howard Jonas

Rafael Holdings, Inc.

Rights offering to raise $25M at $1.28/share; record date May 9, 2025.
Howard Jonas (executive chairman) will purchase any unsubscribed shares at same price.
No standby fee; Jonas receives only reimbursement of reasonable expenses.
Backstop private placement to close within 10 days after rights offering ends.
Rights offering may be terminated by Company before closing or by June 12, 2025.

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