On July 31, 2026, ProPhase Labs, Inc. entered into a Loan Agreement with J.J. Astor & Co. for a senior secured convertible loan with an original principal amount of $2,085,000. The company received net proceeds of $1,020,000 after deducting fees and reserves from the funded amount of $1,500,000. The loan is structured as weekly installments and includes customary covenants and events of default. ProPhase Labs operates in the dietary supplement industry.