ProPhase Labs enters 60-day standstill with ThinkEquity, limiting equity sales

ProPhase Labs, Inc.

Agreement restricts Company from issuing or selling capital stock for 60 days without ThinkEquity's consent.
Lock-up period runs from April 18, 2024; exceptions include exercises of existing options/warrants and equity compensation grants.
Also prohibits filing new registration statements or completing debt offerings (except non-convertible mortgages/equipment debt).
Standstill applies to both the Company and any successor entity; signed by CEO Ted Karkus for ProPhase.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ProPhase Labs, Inc. entered into Standstill Agreement with ThinkEquity LLC (effective 2024-04-18).

Action: entry
Counterparty: ThinkEquity LLC
Effective: 2024-04-18

Exact text from the filing

On April 18, 2024, ProPhase Labs, Inc. (the “Company”) entered into a standstill agreement with ThinkEquity LLC (the “Sales Agent”) (such agreement, the “Standstill Agreement”).

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Source: SEC EDGAR

accession 0001493152-24-015121

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