secwatch.observer — SEC 8-K summary
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Issuer:     Rafael Holdings, Inc. (RFL)
CIK:        0001713863
Form:       8-K/A
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001213900-25-045986
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1713863/000121390025045986/0001213900-25-045986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1713863/000121390025045986/ea0242903-8ka1_rafael.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-045986

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer