---
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"
generated_at: "2026-08-06T21:02:12.489957+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ProPhase Labs enters $2.085M convertible loan with J.J. Astor; net proceeds $1.02M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-036383
- JSON: https://secwatch.observer/filing/0001493152-26-036383.json
- Plain text: https://secwatch.observer/filing/0001493152-26-036383.txt

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