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Monday, March 24, 2025

Equity Corporate Actions Alert #2025 - 145
(UPDATED: Closed) Information Regarding the Merger of Cyclo Therapeutics, Inc. (CYTH)

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  • Industry Announcement

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At a special meeting held on August 24, 2024, the shareholders of Cyclo Therapeutics, Inc. (CYTH/W) approved a merger with Rafael Holdings, Inc. (RFL). The merger closed on the evening of March 25, 2025. In anticipation of the closing, the stock was halted immediately following the after-hours session at or around 7:50 p.m. on March 25, 2025. The stock will remain halted on March 26, 2025 and will be suspended effective March 27, 2025. The details are as follows:

Company/Issue: Cyclo Therapeutics, Inc. Common Stock
CUSIP#: 23254X201
Symbol: CYTH
Last Trading Date: March 25, 2025
Marketplace Effective Date for Suspension: March 27, 2025
Merger Consideration: 0.3525 shares of Rafael Holdings, Inc. Class B Common Stock (RFL) for each share held.
Company/Issue: Cyclo Therapeutics, Inc. Warrant
CUSIP#: 23254X201
Symbol: CYTHW
Last Trading Date: March 25, 2025
Marketplace Effective Date for Suspension: March 27, 2025
Merger Consideration: Each warrant to purchase shares of CYTH issued and outstanding immediately prior to the effective time of the merger shall become a warrant of the surviving corporation pursuant to the terms of the CYTH warrants

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