secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2023-03-24T23:59:59+00:00
Accession:  0001493152-23-008778
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IMAC Holdings receives 180-day Nasdaq extension to regain minimum bid price compliance
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- Nasdaq granted extension until Sept 18, 2023, to meet minimum $1.00 bid price for 10 consecutive days.
- Company previously failed to regain compliance by original deadline of March 20, 2023.
- If not compliant by Sept 18, Nasdaq will delist BACK from Capital Market; appeal possible.
- Management may consider a reverse stock split to boost share price above $1.00 threshold.
- Extension has no immediate effect on trading; ticker BACK continues on Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315223008778/0001493152-23-008778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315223008778/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-008778

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer