---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-045986"
form_type: "8-K/A"
ticker: "RFL"
cik: "0001713863"
company_name: "Rafael Holdings, Inc."
filed_at: "2025-05-20T23:59:59+00:00"
generated_at: "2026-05-21T00:15:07.953806+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-045986
- form_type: 8-K/A
- ticker: RFL
- cik: 0001713863
- company_name: Rafael Holdings, Inc.
- filed_at: 2025-05-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1713863/000121390025045986/0001213900-25-045986-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1713863/000121390025045986/ea0242903-8ka1_rafael.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-045986
- JSON: https://secwatch.observer/filing/0001213900-25-045986.json
- Plain text: https://secwatch.observer/filing/0001213900-25-045986.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.