false 0001713863 0001713863 2024-12-23 2024-12-23 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): December 23, 2024

  

RAFAEL HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   1-38411   82-2296593

(State or other jurisdiction
of Incorporation)

   (Commission File Number)  

(IRS Employer
Identification No.)

 

520 Broad Street

Newark, New Jersey

   07102
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: 212 658-1450

 

Not Applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company  ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Securities registered pursuant to Section 12(b)-2 of the Exchange Act:

 

Title of each class   Trading Symbol  

Name of each exchange on which registered

Class B common stock, par value $0.01 per share   RFL   New York Stock Exchange

 

 

 

 

 

 

Item 8.01 Other Events.

 

On December 23, 2024, Rafael Holdings, Inc. (the “Company”), in accordance with the terms of the Convertible Promissory Note (the “Note”) made by Cyclo Therapeutics, Inc. (“Cyclo”) in favor of the Company, with an issue date of August 21, 2024, in the original principal amount of $3,000,000, converted $2,500,000 of the outstanding balance of the Note into 3,968,254 shares of common stock of Cyclo (the “Conversion”).

 

The conversion price was equal to $0.63, which was the closing price of Cyclo’s common stock on The Nasdaq Capital Market on December 20, 2024, the trading date immediately preceding the date of the Conversion. Following the Conversion the Company beneficially owns 39.5% of the issued and outstanding shares of Cyclo’s common stock.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  RAFAEL HOLDINGS, INC.
     
 

 By:

 /s/ William Conkling
  Name:  William Conkling
    Title: Chief Executive Officer

 

Dated: December 23, 2024

 

2

 

v3.24.4
Cover
Dec. 23, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Dec. 23, 2024
Entity File Number 1-38411
Entity Registrant Name RAFAEL HOLDINGS, INC.
Entity Central Index Key 0001713863
Entity Tax Identification Number 82-2296593
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 520 Broad Street
Entity Address, City or Town Newark
Entity Address, State or Province NJ
Entity Address, Postal Zip Code 07102
City Area Code 212
Local Phone Number 658-1450
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class B common stock, par value $0.01 per share
Trading Symbol RFL
Security Exchange Name NYSE
Entity Emerging Growth Company false
Rafael (NYSE:RFL)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024 Haga Click aquí para más Gráficas Rafael.
Rafael (NYSE:RFL)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024 Haga Click aquí para más Gráficas Rafael.