{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-002940","form_type":"8-K","ticker":"PRPH","cik":"0000868278","company_name":"ProPhase Labs, Inc.","filed_at":"2023-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.324986+00:00","generated_at":"2026-06-20T06:55:34.900027+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"ProPhase Labs issues $7.6M unsecured note to JXVII Trust, 10% interest, matures Jan 2026","bullets":["Principal $7.6M, 10% annual interest payable quarterly, maturity Jan 27, 2026.","Warrant issued for 76,000 shares at $9.00/share, exercisable for 5 years.","Proceeds for working capital, capex, product development, and potential acquisitions.","Guaranteed by subsidiary Pharmaloz Manufacturing; customary default and covenant provisions.","Prepayment allowed anytime without premium or penalty upon 7 days' notice."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-002940","json":"https://secwatch.observer/filing/0001493152-23-002940.json","markdown":"https://secwatch.observer/filing/0001493152-23-002940.md","text":"https://secwatch.observer/filing/0001493152-23-002940.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/868278/000149315223002940/0001493152-23-002940-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/868278/000149315223002940/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T06:55:34.900027+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1db06e444b4881f2415a14c38bee90ae1857ff82","claim":"ProPhase Labs, Inc. incurred guarantee of $7.6 million with JXVII Trust at 10% per year maturing January 27, 2026.","evidence_excerpt":"On January 26, 2023, ProPhase Labs, Inc. (the “Company”) issued an unsecured promissory note and guaranty for an aggregate principal amount of $7.6 million (the “Note”) to JXVII Trust (“JXVII”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/868278/000149315223002940/0001493152-23-002940-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"guarantee"},{"label":"Principal","value":"$7.6 million"},{"label":"Counterparty","value":"JXVII Trust"},{"label":"Rate","value":"10% per year"},{"label":"Maturity","value":"January 27, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}