{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-020651","form_type":"8-K","ticker":"PRPH","cik":"0000868278","company_name":"ProPhase Labs, Inc.","filed_at":"2025-07-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.526182+00:00","generated_at":"2026-05-18T03:56:35.996998+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ProPhase Labs closes $3M senior secured convertible notes with warrants at $0.50","bullets":["Notes have 20% original issue discount, secured by Company assets, not convertible for first 4 months.","Investors also receive warrants exercisable at $0.50 per share; up to $3M additional notes available.","Proceeds for working capital, general corporate purposes, and repayment of certain existing debt.","CEO cites potential near-term liquidity events: up to $50M COVID AR collection and possible Nebula Genomics sale.","Company exploring reverse merger crypto treasury strategy leveraging Nebula's blockchain expertise."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-020651","json":"https://secwatch.observer/filing/0001641172-25-020651.json","markdown":"https://secwatch.observer/filing/0001641172-25-020651.md","text":"https://secwatch.observer/filing/0001641172-25-020651.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/868278/000164117225020651/0001641172-25-020651-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/868278/000164117225020651/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T03:56:35.996998+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"}