ProPhase Labs Secures Global Private Equity Backing, Nears Major Lozenge Deal, Adds Seasoned Industry Expert, and Plans Significant Cost-Cutting Measures
ProPhase Labs, Inc. (PRPH)
US:NASDAQ Investor Relations:
prophaselabs.com/investors/annual-reports
Company Research
Source: GlobeNewswire
The Company will review on Thursday, December 12th, at 12:00 p.m. EST. GARDEN CITY, NY, Dec. 11, 2024 (GLOBE NEWSWIRE) -- ProPhase Labs, Inc. (NASDAQ: PRPH) (“ProPhase” or the “Company”), a next-generation biotech, genomics, and diagnostics company, today provided updates on several key initiatives. Securing Low-Interest Rate Financing from a Global Private Equity Fund ProPhase has secured an agreement with a billion-dollar global private equity fund, providing flexible, low-interest rate debt financing as needed. Based on the current operating plans and financial forecasts, the Company believes that the aforementioned debt financing arrangement will eliminate the necessity for future equity financing in the near term and provides the Company with the strategic freedom to focus on and grow its core businesses until a meaningful liquidity event occurs and/or until the Company achieves profitability. Additionally, ProPhase will explore opportunities with the fund to distribute its
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News
- ProPhase Labs Secures Global Private Equity Backing, Nears Major Lozenge Deal, Adds Seasoned Industry Expert, and Plans Significant Cost-Cutting Measures [Yahoo! Finance]Yahoo! Finance
- ProPhase Labs Inc (PRPH) Q3 2024 Earnings Call Highlights: Strategic Launches and Financial ... [Yahoo! Finance]Yahoo! Finance
- Diamond Equity Research Releases Update Note on ProPhase Labs Inc. (NASDAQ: PRPH) [Yahoo! Finance]Yahoo! Finance
- ProPhase Labs, Inc. (PRPH) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- ProPhase Labs Announces Financial Results for the Three Months Ended September 30, 2024GlobeNewswire
PRPH
Earnings
- 11/13/24 - Miss
PRPH
Sec Filings
- 11/21/24 - Form EFFECT
- 11/13/24 - Form 10-Q
- 11/13/24 - Form NT
- PRPH's page on the SEC website