---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-020010"
form_type: "8-K"
ticker: "BACK"
cik: "0001729944"
company_name: "IMAC Holdings, Inc."
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:23:54.573939+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# IMAC Holdings gets Nasdaq deficiency notice for stockholders' equity of $996,955 vs $2.5M minimum

## Summary
- Stockholders' equity of $996,955 as of March 31, 2023, below the required $2.5M minimum.
- Also not in compliance with Nasdaq's $1.00 minimum bid price requirement.
- Company has 45 days (until July 17, 2023) to submit a plan to regain compliance.
- If plan accepted, Nasdaq may grant an extension to November 26, 2023; no immediate delisting.
- No assurance that Nasdaq will accept the plan or that compliance can be regained.

## SEC filing metadata
- accession: 0001493152-23-020010
- form_type: 8-K
- ticker: BACK
- cik: 0001729944
- company_name: IMAC Holdings, Inc.
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729944/000149315223020010/0001493152-23-020010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729944/000149315223020010/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-020010
- JSON: https://secwatch.observer/filing/0001493152-23-020010.json
- Plain text: https://secwatch.observer/filing/0001493152-23-020010.txt

## Key facts
- Listing & Compliance Notices
  IMAC Holdings, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: May 31, 2023, the Company received a letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market under Listing Rule 5550(b)(1) because the Company’s stockholders’ equity of $996,955, as reported in the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2023, was below the required minimum of $2.5 million, and because, as of May 30, 2023, the Company did not meet the alternative c
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729944/000149315223020010/0001493152-23-020010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.