secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001493152-23-020010
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315223020010/0001493152-23-020010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315223020010/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-020010

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