Rafael Holdings, Inc 8-K/A, filed Aug 1, 2022
Rafael Holdings, Inc. (RFL)
About this 8-K/A
Rafael Holdings, Inc filed this 8-K/A on August 1, 2022, reporting on events of May 3, 2022.
Items reported
- Item 1.01: Entered into a material agreement
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Item 1.01 Entry into a Material Definitive Agreement.
The Purchaser had previously deposited $2.5 million into escrow and its right to terminate the Contract of Sale without forfeiting the entire deposit expired on May 3, 2022.
The closing of the sale was scheduled to take place no later than July 5, 2022, however, as permitted by the Contract of Sale, the Purchaser extended the closing date until August 1, 2022 and deposited an additional $750,000 into escrow and assumed certain obligations of the Seller.
Pursuant to an amendment to the Contract of Sale, dated July 29, 2022, the closing of the sale has been further extended to August 18, 2022, Purchaser has deposited a non-refundable extension fee in the amount of $100,000 with the Seller and Purchaser has deposited an additional $1,750,000 into escrow for a total of $5 million currently held in escrow.
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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: August 1, 2022
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