Rafael Holdings, Inc. /
Cyclo Therapeutics, Inc.
Rafael Holdings completes combination with Cyclo Therapeutics




What happened
Rafael Holdings, Inc. completed its business combination with Cyclo Therapeutics, Inc. on March 25, 2025. Rafael issued shares of its Class B common stock to Cyclo Therapeutics’ shareholders, representing approximately 22% of the combined company.
Cyclo Therapeutics is a clinical-stage biotechnology company focused on developing medicines for patients and families living with disease.
Who is involved, and the source
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Advisers
Buy side
- Legal adviser to the buyerSchwell Wimpfheimer & AssociatesSource-verified
Target
- Legal adviser to the targetFox Rothschild LLPSource-verified
Advisers are not parties to the deal.
Rafael Holdings completes combination with Cyclo Therapeutics
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