Rafael Holdings Inc. Announces New Standby Purchase Agreement with Howard S. Jonas

Reuters

05-07

Rafael Holdings Inc. Announces New Standby Purchase Agreement with Howard S. Jonas

Rafael Holdings Inc., a Delaware corporation, has announced the execution of a Standby Purchase Agreement with Howard S. Jonas, a significant stakeholder. The agreement, dated May 6, 2025, involves the distribution of non-transferable subscription rights to holders of Class A and Class B Common Stock, as well as certain warrants, allowing them to purchase shares of Class B Common Stock. This strategic move is part of a rights offering aimed at enhancing shareholder value. The agreement, which is governed by Delaware law, is a comprehensive document superseding prior understandings between the parties.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rafael Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-040209), on May 06, 2025, and is solely responsible for the information contained therein.

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