{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-001143","form_type":"8-K","ticker":"PRPH","cik":"0000868278","company_name":"ProPhase Labs, Inc.","filed_at":"2026-01-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.859987+00:00","generated_at":"2026-05-16T11:09:15.657529+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"medium","headline":"ProPhase Labs updates on convertible debt conversions, reverse stock split, and transition to OTC market","bullets":["Over $3.3 million of convertible debt converted from $3.8 million principal, reducing indebtedness and increasing equity; remaining unconverted principal less than $500,000.","Reverse stock split of 1-for-10 effective December 5, 2025, and transition from Nasdaq to OTC market effective January 5, 2026.","Management states recent stock volatility due to short-term technical factors including debt conversions and delisting, not changes in underlying asset value.","Conversion floor price of $0.76 per share (post-split) is above current trading price, reducing potential for further conversion-driven selling pressure.","Company reiterates focus on stabilizing capital structure and advancing operations; no fundamental change in long-term strategy."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-001143","json":"https://secwatch.observer/filing/0001493152-26-001143.json","markdown":"https://secwatch.observer/filing/0001493152-26-001143.md","text":"https://secwatch.observer/filing/0001493152-26-001143.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/868278/000149315226001143/0001493152-26-001143-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/868278/000149315226001143/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-16T11:09:15.657529+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}