Rafael (RFL) Registration Filing summary

Company overview and business model

• Incorporated in Delaware with principal executive offices in Newark, NJ; operates as a holding company.

Management team and governance

• William Conkling serves as Chief Executive Officer and principal executive officer.

• Howard S. Jonas is Chairman of the Board; Susan Y. Bernstein is Chief Financial Officer.

• Board includes directors with diverse backgrounds, including Dr. Mark Stein and Dr. Michael J. Weiss.

Offering details and pricing

• Registration statement filed on Form S-3 for a shelf offering, allowing securities to be sold from time to time after effectiveness.

• Estimated total expenses for issuance and distribution are $19,327.50, including SEC, legal, accounting, and printing fees.

• Securities may be offered on a delayed or continuous basis under Rule 415.