---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-033487"
form_type: "8-K/A"
ticker: "PRPH"
cik: "0000868278"
company_name: "ProPhase Labs, Inc."
filed_at: "2024-08-22T23:59:59+00:00"
generated_at: "2026-05-31T08:09:39.156246+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ProPhase Labs issues $10M amended promissory note at 15% interest, due 2027

## Summary
- Amended and restated unsecured promissory note to JXVII Trust for $10M principal, replacing $7.6M note from Jan 2023.
- Note bears 15% annual interest, payable quarterly, maturing August 15, 2027; prepayable without penalty.
- As of June 30, 2024, working capital $16.1M, cash $2.4M, outstanding debt $13.6M net of discounts.
- Proceeds used for working capital, product development, and potential acquisitions.
- Risk factor added highlights potential inability to service debt and need for additional capital.

## SEC filing metadata
- accession: 0001493152-24-033487
- form_type: 8-K/A
- ticker: PRPH
- cik: 0000868278
- company_name: ProPhase Labs, Inc.
- filed_at: 2024-08-22T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/868278/000149315224033487/0001493152-24-033487-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/868278/000149315224033487/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-033487
- JSON: https://secwatch.observer/filing/0001493152-24-033487.json
- Plain text: https://secwatch.observer/filing/0001493152-24-033487.txt

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