{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-003425","form_type":"8-K","ticker":"PRPH","cik":"0000868278","company_name":"ProPhase Labs, Inc.","filed_at":"2025-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.558834+00:00","generated_at":"2026-05-27T17:56:51.565256+00:00","sec_items":["1.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ProPhase Labs sells Pharmaloz subsidiaries for $2M cash and $10M debt relief","bullets":["JL Projects purchased all shares of Pharmaloz Manufacturing and Pharmaloz Real Estate; transaction closed Jan 16, 2025.","JL Projects provided $2M cash and extinguished $10M of ProPhase's debt; also cancelled $300K accrued interest.","JL Projects assumed $3.3M mortgage, $2M capital leases, and $3M payables; paid down $200K affiliate loan.","ProPhase avoided $3M in upcoming capex and transferred $600K employee overhead to PMI.","Sale includes customary representations and warranties; full agreement filed as Exhibit 2.1."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-003425","json":"https://secwatch.observer/filing/0001493152-25-003425.json","markdown":"https://secwatch.observer/filing/0001493152-25-003425.md","text":"https://secwatch.observer/filing/0001493152-25-003425.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/868278/000149315225003425/0001493152-25-003425-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/868278/000149315225003425/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T17:56:51.565256+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"312a736eca1aa25b9912a853ac613368ea0ad486","claim":"ProPhase Labs, Inc. completed a disposition involving JL Projects, Inc. (closed 2025-01-16).","evidence_excerpt":"The transaction closed concurrently with the execution of the Agreement on January 16, 2025.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/868278/000149315225003425/0001493152-25-003425-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"JL Projects, Inc."},{"label":"Closing","value":"2025-01-16"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}