ProPhase Labs completes $3 million rights issue to support its crypto asset reserve strategy
2025-07-23 14:05:24
Nasdaq-listed ProPhase Labs announced that it has raised $3 million in senior secured convertible notes from two investors, providing the company with bridge funding to support its upcoming crypto asset reserve strategy to acquire specific digital assets, including bitcoin, in addition to exploring the acquisition (or reverse merger) of a company focused on digital asset operations.
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