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.
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