secwatch.observer — SEC 8-K summary
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Issuer:     ProPhase Labs, Inc. (PRPH)
CIK:        0000868278
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001493152-24-044891
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProPhase Labs closes public offering of 4.8M shares at $0.72, raising ~$3.45M gross
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- Offering of 4,795,500 shares at $0.72 per share; gross proceeds $3.45M, net proceeds ~$3M.
- Underwriters' over-allotment option fully exercised; ThinkEquity acted as sole book-runner.
- Net proceeds to be used for working capital, general corporate purposes, and potential acquisitions.
- Directors/executives subject to 120-day lock-up; 5%+ holders subject to 90-day lock-up.
- Representative warrants issued to purchase up to 5% of shares at $0.90 per share, exercisable after 180 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/868278/000149315224044891/0001493152-24-044891-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/868278/000149315224044891/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-044891

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