{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-036383","form_type":"8-K","ticker":"PRPH","cik":"0000868278","company_name":"ProPhase Labs, Inc.","filed_at":"2026-08-06T21:00:22+00:00","discovered_at":"2026-08-06T21:02:00.362029+00:00","generated_at":"2026-08-06T21:02:12.489957+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ProPhase Labs enters $2.085M convertible loan with J.J. Astor; net proceeds $1.02M","bullets":["Loan principal $2,085,000; funding $1,500,000; net proceeds $1,020,000 after fees and reserves.","Senior secured convertible note; conversion after 12 months at $0.075/share or 90% of 10-day VWAP if on Nasdaq.","CEO Ted Karkus personally guarantees payment under Affiliate Guaranty Agreement.","Loan supports subsidiaries' Chapter 11 bankruptcy plan of reorganization (Case No. 25-19833 CMG).","Weekly installment payments; default increases principal to 110% and accrues 19% default interest."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-036383","json":"https://secwatch.observer/filing/0001493152-26-036383.json","markdown":"https://secwatch.observer/filing/0001493152-26-036383.md","text":"https://secwatch.observer/filing/0001493152-26-036383.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/868278/000149315226036383/0001493152-26-036383-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/868278/000149315226036383/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-06T21:02:12.489957+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"}