Rafael Holdings and Cyclo Therapeutics enter merger deal [Yahoo! Finance]
Rafael Holdings, Inc. Class B (RFL)
NASDAQ:AMEX Investor Relations:
morningstar.com/funds/xnas/rytnx/quote.html
Company Research
Source: Yahoo! Finance
The merger will result in Rafael issuing shares of its Class B common stock to Cyclo's shareholders, with an exchange ratio that values the latter at $0.95 per share. The valuation of Rafael will be based on its cash value, marketable securities and certain other investments, minus some current liabilities. This calculation will also include the funding provided to Cyclo's operations through convertible notes until the merger's completion. Post-merger, Rafael is committed to financing the TransportNPC clinical trial until the 48-week interim analysis. Both companies' boards of directors have given their approval for the deal. The merger is anticipated to conclude later this year. Rafael began its strategic investment in Cyclo in March 2023, leading another financing round in the fall of the same year. The company has continued to support Cyclo into 2024 through convertible debt financings. Rafael Holdings president and CEO Bill Conkling stated: “The proposed merger wi
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RFL
News
- Rafael Holdings Reports Fourth Quarter and Full Year Fiscal 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Rafael Holdings Reports Fourth Quarter and Full Year Fiscal 2024 Financial ResultsGlobeNewswire
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Mergers of RFL, PORT and MNTXAccesswire
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Mergers of RFL, PORT and MNTXAccesswire
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Mergers of RFL, PORT and MNTXAccesswire
RFL
Sec Filings
- 11/19/24 - Form DEF
- 11/7/24 - Form 10-K
- 11/7/24 - Form 8-K
- RFL's page on the SEC website