Rafael Holdings updates subscription rights for public warrants in $25M rights offering

Rafael Holdings, Inc.

Holders of Public Warrants receive 0.3525 subscription right per warrant; three warrants yield one full right.
Each full subscription right allows purchase of 0.603 Class B share at $1.28 per share.
Executive Chairman Howard Jonas will backstop any unsubscribed shares under Standby Purchase Agreement.
Subscription period expires 5:00 PM ET on May 29, 2025; rights are non-transferable.
Rights offering supports development and potential launch of Trappsol Cyclo.

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