---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-033465"
form_type: "8-K"
ticker: "PRPH"
cik: "0000868278"
company_name: "ProPhase Labs, Inc."
filed_at: "2024-08-21T23:59:59+00:00"
generated_at: "2026-05-31T08:22:33.461581+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ProPhase increases debt to $10M at 15% interest; adds risk factor on debt service

## Summary
- Amended note principal increased from $7.6M to $10.0M; additional net cash of ~$2.31M after interest.
- Note matures Aug 15, 2027, with 15% annual interest, quarterly payments; prepayable without penalty.
- As of June 30, 2024, company had $13.6M total debt (net of discounts) and only $2.4M cash.
- Proceeds for working capital, capex, product development, and M&A.
- New risk factor warns cash flow may not be sufficient to service debt.

## SEC filing metadata
- accession: 0001493152-24-033465
- form_type: 8-K
- ticker: PRPH
- cik: 0000868278
- company_name: ProPhase Labs, Inc.
- filed_at: 2024-08-21T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/868278/000149315224033465/0001493152-24-033465-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/868278/000149315224033465/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-033465
- JSON: https://secwatch.observer/filing/0001493152-24-033465.json
- Plain text: https://secwatch.observer/filing/0001493152-24-033465.txt

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