{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-021109","form_type":"8-K","ticker":"PRPH","cik":"0000868278","company_name":"ProPhase Labs, Inc.","filed_at":"2025-07-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.526590+00:00","generated_at":"2026-05-18T00:41:40.171593+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ProPhase Labs raises $2.75M via senior secured convertible notes with 20% OID and warrants","bullets":["Notes have $3.75M face value after 20% OID; net proceeds ~$2.75M; mature July 22, 2026.","Notes bear 10% interest; convertible after 4 months at lower of 80% of trailing 10-day VWAP or fixed max with floor/caps.","Warrants to purchase up to 5.25M shares at $0.50/share for 5 years; reserve may increase to 226M shares after shareholder vote.","CEO and another investor subordinated prior $1M secured loans; security interest covers substantially all assets (excl. certain subsidiaries).","Special meeting of stockholders set for Aug 29, 2025 to vote on authorizing additional shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-021109","json":"https://secwatch.observer/filing/0001641172-25-021109.json","markdown":"https://secwatch.observer/filing/0001641172-25-021109.md","text":"https://secwatch.observer/filing/0001641172-25-021109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/868278/000164117225021109/0001641172-25-021109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/868278/000164117225021109/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T00:41:40.171593+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"}