UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Title of each class | Trading Symbol | Name of each exchange on which registered | ||
Item 2.01 Completion of Acquisition or Disposition of Assets.
On August 22, 2022, Broad Atlantic Associate LLC (the “Seller”), a wholly owned subsidiary of Rafael Holdings, Inc. (the “Company”), completed the sale of the building owned by the Seller located at 520 Broad Street in Newark, New Jersey and an associated 800-car public garage (the “Property”) to 520 Broad Holdings LLC, 26 Lombardy Holdings LLC and 1073 McCarter Holdings LLC for a purchase price of $49.4 million. The Property serves as the Company’s headquarters and has several other tenants.
The Property was encumbered by a mortgage securing a $15 million loan which was paid off in this transaction. After repaying the loan, and paying commissions, taxes, and other related costs, the Company received a net amount of approximately $33 million at closing.
A copy of the August 23, 2022, press release relating to the above is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(b) Pro Forma Financial Information.
The pro forma financial information required by Item 9.01(b) of Form 8-K will be filed by amendment no later than August 26, 2022.
| (d) | Exhibits. |
Exhibit No. |
Document | |
99.1 |
||
| 104 | Cover Page Interactive Data File, formatted in Inline XBRL document. |
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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 23, 2022
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EXHIBIT INDEX
Exhibit No. |
Document | |
99.1 |
||
| 104 | Cover Page Interactive Data File, formatted in Inline XBRL document. |
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