Rafael Holdings, Inc. (RFL) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
RFL currently has 787K outstanding shares. with significant dilution risk as 2.98M authorized shares could dilute existing holders by 379.1%. The company has significantly diluted shareholders by 6363.61% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Mar 16, 2026 |
10-Q filing | 0.8M shares outstanding |
790K | 3M |
| Dec 12, 2025 |
10-Q filing | 0.8M shares outstanding |
790K | 3M |
| Jun 11, 2025 |
10-Q filing | 0.8M shares outstanding |
790K | 3M |
| Jun 04, 2025 |
8-K filing: Rafael Holdings, Inc. completed a backstop private placement and rights offering, issuing a total of 19,531,250 shares of Class B common stock for approximately $25 million in gross proceeds. ($25.01M proceeds) |
51M | 0 |
| Apr 28, 2025 |
S-3/A filing: This is an S-3/A filing. The filing discusses post-effective amendments to the registration statement, including the inclusion of prospectuses, reflection of facts or events arising after the effective date, and material information regarding the plan of distribution. It also states that each post-effective amendment shall be deemed a new registration statement relating to the securities offered. |
790K | 3M |
| Apr 18, 2025 |
S-3 filing: Rafael Holdings, Inc. may offer to sell shares of Class B common stock in one or more offerings, with the aggregate initial offering price not exceeding $25,000,000. |
790K | 3M |
| Mar 14, 2025 |
10-Q filing | 0.8M shares outstanding |
790K | 3M |
| Dec 23, 2024 |
8-K filing: Rafael Holdings, Inc. converted $2,500,000 of Cyclo Therapeutics, Inc.'s outstanding balance of a convertible promissory note into 3,968,254 shares of Cyclo's common stock at a conversion price of $0.63 per share. ($2.5M proceeds) |
790K | 3M |
| Dec 11, 2024 |
10-Q filing | 0.8M shares outstanding |
790K | 3M |
| Nov 07, 2024 |
10-K filing | 0.8M shares outstanding |
790K | 3M |
| Jun 14, 2024 |
10-Q filing | 0.8M shares outstanding |
790K | 3M |
| Mar 14, 2024 |
10-Q filing | 0.8M shares outstanding |
790K | 3M |
| Dec 14, 2023 |
10-Q filing | 0.8M shares outstanding |
790K | 3M |
| Oct 30, 2023 |
10-K filing | 0.8M shares outstanding |
790K | 3M |
| Jun 13, 2023 |
10-Q filing | 0.8M shares outstanding |
790K | 3M |
| Mar 14, 2023 |
10-Q filing | 0.8M shares outstanding |
790K | 3M |
| Dec 13, 2022 |
10-Q filing | 0.8M shares outstanding |
790K | 3M |
| Oct 31, 2022 |
10-K filing | 0.8M shares outstanding |
790K | 3M |
| Jul 01, 2022 |
8-K filing: Rafael Holdings, Inc. entered into a Stock Purchase Agreement with I9 Plus, LLC for the sale of 3,225,806 shares of the Company's Class B common stock at $1.86 per share, for an aggregate purchase price of $6 million. ($6.0M proceeds) |
790K | 3M |
| Jun 14, 2022 |
10-Q filing | 0.8M shares outstanding |
790K | 3M |
| Mar 17, 2022 |
10-Q filing | 0.8M shares outstanding |
790K | 3M |
| Mar 02, 2022 |
S-3/A filing: This is an S-3/A filing to register additional securities. The registrant may delay the effective date of the registration statement. |
790K | 3M |
| Feb 15, 2022 |
S-3 filing: Rafael Holdings, Inc. is offering 2,833,425 shares of Class B common stock for resale by selling stockholders. |
790K | 3M |
| Dec 15, 2021 |
10-Q filing | 0.8M shares outstanding |
790K | 150K |
| Oct 18, 2021 |
10-K filing | 0.8M shares outstanding |
790K | 150K |
| Aug 24, 2021 |
8-K filing: Rafael Holdings, Inc. completed a private placement offering of Class B common stock, selling 2,833,425 shares to Institutional Investors at $35.00 per share and 112,561 shares to I9Plus, LLC at $44.42 per share, resulting in total gross proceeds of approximately $104.2 million. ($104.2M proceeds) |
790K | 150K |
| Jun 14, 2021 |
10-Q filing | 0.8M shares outstanding |
790K | 150K |
| Jun 07, 2021 |
S-3 filing: The selling stockholder may sell up to 48,859 shares of Class B common stock. |
790K | 150K |
| May 27, 2021 |
S-3 filing: Rafael Holdings, Inc. may from time to time offer to sell shares of Class B common stock in one or more offerings up to an aggregate initial offering price of $250,000,000. |
790K | 100K |
| Mar 17, 2021 |
10-Q filing | 0.8M shares outstanding |
790K | 100K |
| Feb 24, 2021 |
S-3 filing: Rafael Holdings, Inc. files an S-3 to register the resale of up to 101,844 shares of Class B common stock by a selling stockholder. |
790K | 100K |
| Feb 08, 2021 |
RW filing: The Registrant has determined at this time not to pursue the offering of securities pursuant to this Registration Statement and no securities have been sold under the Registration Statement. |
790K | 0 |
| Jan 20, 2021 |
S-3 filing: This S-3 filing is for a potential offering of Class B common stock with an aggregate offering price of up to $6,950,000 pursuant to a Membership Interest Purchase Agreement. |
790K | 280K |
| Dec 15, 2020 |
10-Q filing | 0.8M shares outstanding |
790K | 0 |
| Dec 11, 2020 |
8-K filing: Rafael Holdings, Inc. sold 567,437 shares of Class B common stock at $22.91 per share for $13 million and issued warrants to purchase 113,487 shares of Class B common stock with an exercise price of $22.91 per share. ($13.0M proceeds) |
790K | 0 |
| Oct 29, 2020 |
10-K filing | 0.8M shares outstanding |
790K | 0 |
| Jun 09, 2020 |
10-Q filing | 15.0M shares outstanding |
15M | 0 |
| Mar 05, 2020 |
10-Q filing | 0.8M shares outstanding |
790K | 0 |