ProPhase Labs Board of Directors Authorizes Management to Explore Strategic Reverse Merger and Approves Crypto Treasury Initiative
1. ProPhase is exploring a reverse merger with a digital asset company. 2. The Board approved a strategy to hold digital assets like Bitcoin. 3. The goal is to enhance long-term shareholder value through diversification. 4. CEO emphasizes potential for scalable value creation at financial innovation intersection. 5. No binding agreements are in place yet for the proposed merger.