{"id":477621,"date":"2021-04-16T17:03:16","date_gmt":"2021-04-16T21:03:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\/"},"modified":"2021-04-16T17:03:16","modified_gmt":"2021-04-16T21:03:16","slug":"rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\/","title":{"rendered":"Rafael Holdings Announces Inducement Grant Under NYSE Rule 303A.08"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEWARK, N.J.<\/span>, <span class=\"xn-chron\">April 16, 2021<\/span> \/PRNewswire\/ &#8212; Rafael Holdings, Inc., (NYSE: RFL), today announced that on <span class=\"xn-chron\">April 15, 2021<\/span> it made a grant to <span class=\"xn-person\">William Conkling<\/span> of options to purchase 118,409 shares of Class B common stock of the Company with an exercise price equal to <span class=\"xn-money\">$40.85<\/span>, the closing price of the Class B common stock on <span class=\"xn-chron\">April 14, 2021<\/span>, the trading day prior to the grant. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/702995\/Rafael_Holdings_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/702995\/Rafael_Holdings_Logo.jpg\" title=\"Rafael Holdings holds commercial real estate assets and interests in two clinical stage pharmaceutical companies.  The pharmaceutical holdings consist of interests in Rafael Pharmaceuticals, Inc. and a majority stake in Lipomedix Pharmaceuticals Ltd., both of which are focused on development and commercialization of drugs in the oncology space.  For more information, visit www.rafaelholdings.com (PRNewsfoto\/Rafael Holdings, Inc.)\" alt=\"Rafael Holdings holds commercial real estate assets and interests in two clinical stage pharmaceutical companies.  The pharmaceutical holdings consist of interests in Rafael Pharmaceuticals, Inc. and a majority stake in Lipomedix Pharmaceuticals Ltd., both of which are focused on development and commercialization of drugs in the oncology space.  For more information, visit www.rafaelholdings.com (PRNewsfoto\/Rafael Holdings, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The options shall vest as follows:\u00a0 29,602 on <span class=\"xn-chron\">April 15, 2022<\/span>; 2,467 monthly for thirty-five months commencing on\u00a0May 15, 2022; and 2,462 on <span class=\"xn-chron\">April 15<\/span>, 2025.\u00a0 <\/p>\n<p>The options were granted under Rafael&#8217;s 2018 Equity Incentive Plan, which was amended and restated to create an additional pool of 118,409 shares of Rafael&#8217;s Class B common stock to be used exclusively for the grant of inducement awards in compliance with New York Stock Exchange Rule 303A.08 (&#8220;Rule 303A.08&#8221;). \u00a0The option grant was approved by the Compensation Committee of the Board of Directors and was offered as a material inducement to Mr. Conkling&#8217;s hiring as Chief Commercial Officer of the Company in reliance on the employment inducement exemption under Rule 303A.08. Mr. Conkling joined the Company on <span class=\"xn-chron\">March 15, 2021<\/span>.<\/p>\n<p>The option grant described above will be subject to the terms of the 2018 Equity Incentive Plan, as amended and restated.\u00a0\u00a0 <\/p>\n<p>\n        <b><br \/>\n          <u>About Rafael Holdings, Inc.:<br \/><\/u><br \/>\n        <\/b>Rafael Holdings is focused on development of novel cancer therapies.\u00a0 The company is a significant investor in two clinical stage oncology companies, Rafael Pharmaceuticals, Inc. and LipoMedix Pharmaceuticals Ltd.\u00a0 Through its wholly owned Barer Institute subsidiary, the company is developing a pipeline of compounds focused on the regulation of cancer metabolism.\u00a0 For more information, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3130976-1&amp;h=1104731418&amp;u=http%3A%2F%2Fwww.rafaelholdings.com%2F&amp;a=www.rafaelholdings.com\" rel=\"nofollow noopener\">www.rafaelholdings.com<\/a>. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY44564&amp;sd=2021-04-16\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a08-301270794.html\">http:\/\/www.prnewswire.com\/news-releases\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a08-301270794.html<\/a><\/p>\n<p>SOURCE  Rafael Holdings, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY44564&amp;Transmission_Id=202104161700PR_NEWS_USPR_____NY44564&amp;DateId=20210416\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEWARK, N.J., April 16, 2021 \/PRNewswire\/ &#8212; Rafael Holdings, Inc., (NYSE: RFL), today announced that on April 15, 2021 it made a grant to William Conkling of options to purchase 118,409 shares of Class B common stock of the Company with an exercise price equal to $40.85, the closing price of the Class B common stock on April 14, 2021, the trading day prior to the grant. The options shall vest as follows:\u00a0 29,602 on April 15, 2022; 2,467 monthly for thirty-five months commencing on\u00a0May 15, 2022; and 2,462 on April 15, 2025.\u00a0 The options were granted under Rafael&#8217;s 2018 Equity Incentive Plan, which was amended and restated to create an additional pool of 118,409 shares of Rafael&#8217;s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Rafael Holdings Announces Inducement Grant Under NYSE Rule 303A.08&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-477621","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rafael Holdings Announces Inducement Grant Under NYSE Rule 303A.08 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rafael Holdings Announces Inducement Grant Under NYSE Rule 303A.08 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEWARK, N.J., April 16, 2021 \/PRNewswire\/ &#8212; Rafael Holdings, Inc., (NYSE: RFL), today announced that on April 15, 2021 it made a grant to William Conkling of options to purchase 118,409 shares of Class B common stock of the Company with an exercise price equal to $40.85, the closing price of the Class B common stock on April 14, 2021, the trading day prior to the grant. The options shall vest as follows:\u00a0 29,602 on April 15, 2022; 2,467 monthly for thirty-five months commencing on\u00a0May 15, 2022; and 2,462 on April 15, 2025.\u00a0 The options were granted under Rafael&#8217;s 2018 Equity Incentive Plan, which was amended and restated to create an additional pool of 118,409 shares of Rafael&#8217;s &hellip; Continue reading &quot;Rafael Holdings Announces Inducement Grant Under NYSE Rule 303A.08&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-16T21:03:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/702995\/Rafael_Holdings_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Rafael Holdings Announces Inducement Grant Under NYSE Rule 303A.08\",\"datePublished\":\"2021-04-16T21:03:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\\\/\"},\"wordCount\":287,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/702995\\\/Rafael_Holdings_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\\\/\",\"name\":\"Rafael Holdings Announces Inducement Grant Under NYSE Rule 303A.08 - 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The options shall vest as follows:\u00a0 29,602 on April 15, 2022; 2,467 monthly for thirty-five months commencing on\u00a0May 15, 2022; and 2,462 on April 15, 2025.\u00a0 The options were granted under Rafael&#8217;s 2018 Equity Incentive Plan, which was amended and restated to create an additional pool of 118,409 shares of Rafael&#8217;s &hellip; Continue reading \"Rafael Holdings Announces Inducement Grant Under NYSE Rule 303A.08\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-16T21:03:16+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/702995\/Rafael_Holdings_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Rafael Holdings Announces Inducement Grant Under NYSE Rule 303A.08","datePublished":"2021-04-16T21:03:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\/"},"wordCount":287,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/702995\/Rafael_Holdings_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rafael-holdings-announces-inducement-grant-under-nyse-rule-303a-08\/","name":"Rafael Holdings Announces Inducement Grant Under NYSE Rule 303A.08 - 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