---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-015121"
form_type: "8-K"
ticker: "PRPH"
cik: "0000868278"
company_name: "ProPhase Labs, Inc."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T21:21:43.402908+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-015121
- form_type: 8-K
- ticker: PRPH
- cik: 0000868278
- company_name: ProPhase Labs, Inc.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/868278/000149315224015121/0001493152-24-015121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/868278/000149315224015121/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015121
- JSON: https://secwatch.observer/filing/0001493152-24-015121.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015121.txt

## Key facts
- Material Agreements
  ProPhase Labs, Inc. entered into Standstill Agreement with ThinkEquity LLC (effective 2024-04-18).
  - Action: entry
  - Counterparty: ThinkEquity LLC
  - Effective: 2024-04-18
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/868278/000149315224015121/0001493152-24-015121-index.htm

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