---
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"
generated_at: "2026-05-18T00:41:40.171593+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ProPhase Labs raises $2.75M via senior secured convertible notes with 20% OID and warrants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-021109
- JSON: https://secwatch.observer/filing/0001641172-25-021109.json
- Plain text: https://secwatch.observer/filing/0001641172-25-021109.txt

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