---
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"
generated_at: "2026-06-20T06:55:34.900027+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ProPhase Labs issues $7.6M unsecured note to JXVII Trust, 10% interest, matures Jan 2026

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-002940
- JSON: https://secwatch.observer/filing/0001493152-23-002940.json
- Plain text: https://secwatch.observer/filing/0001493152-23-002940.txt

## Key facts
- Debt Financings
  ProPhase Labs, Inc. incurred guarantee of $7.6 million with JXVII Trust at 10% per year maturing January 27, 2026.
  - Instrument: guarantee
  - Principal: $7.6 million
  - Counterparty: JXVII Trust
  - Rate: 10% per year
  - Maturity: January 27, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/868278/000149315223002940/0001493152-23-002940-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.