ProPhase Labs expects to receive 6-month extension for Nasdaq listing

The Company has been in contact with Nasdaq regarding listing qualifications. Nasdaq has indicated that its policy is to only announce extensions for continued listing after the first 6-month notification period expires. However, the Company has confirmed that it is presently in listing compliance other than stock price. Furthermore, in Q1, stockholder’s equity increased significantly. Therefore, given these most recent communications, the Company believes that it will receive the 6-month extension when the first 6-month period expires in late June.