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Subsequent Event—Purchase of Shares and Warrants from Rafael Holdings, Inc.
3 Months Ended
Oct. 31, 2020
Subsequent Events [Abstract]  
Subsequent Event—Purchase of Shares and Warrants from Rafael Holdings, Inc.

Note 16—Subsequent Event—Purchase of Shares and Warrants from Rafael Holdings, Inc.

 

On December 7, 2020, the Company purchased, for aggregate consideration of $5.0 million, from Rafael 218,245 newly issued shares of Rafael’s Class B common stock and warrants to purchase up to 43,649 shares of Rafael’s Class B common stock at an exercise price of $22.91 at any time on or after December 7, 2020 and on or prior to June 6, 2022. The purchase price was based on a per share price of $22.91, which was the closing price of Rafael’s Class B common stock on the New York Stock Exchange on the trading day immediately preceding December 7, 2020.