other material
confidence high
sentiment neutral
materiality 0.60
Rafael Holdings issues warrants after Cyclo Therapeutics merger; expire Dec 11, 2025
Rafael Holdings, Inc.
- Issued 1,078,796 warrants exercisable for 380,253 Class B shares at $14.19 per share.
- Warrants listed on NYSE American as RFL-WT; expire at 5:00 pm EST on Dec 11, 2025.
- Warrants issued in exchange for Cyclo warrants; each warrant exercisable for ~0.3525 share.
- Cyclo warrants originated from Cyclo's Dec 11, 2020 public offering, adjusted per merger ratio.