Prophase labs announces closing of $3 million senior secured convertible notes financing

Financing provides bridge to multiple potentially significant liquidity events and crypto strategies uniondale, ny, july 23, 2025 (globe newswire) -- prophase labs, inc. (nasdaq: prph), (the "company" or "prophase") today announced the closing of a private placement financing with two investors for $3 million in senior secured convertible notes with accompanying warrants to purchase shares of common stock. the notes were issued with a 20% original issue discount, are secured by the company and subsidiary assets, and may be prepaid at any time without penalty.
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