---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-026905"
form_type: "8-K"
ticker: "BACK"
cik: "0001729944"
company_name: "IMAC Holdings, Inc."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:09:49.957656+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IMAC Holdings raises $4.3M in financing to regain Nasdaq equity compliance; still below bid price

## Summary
- Closed $4.3M convertible preferred stock and warrant offering on July 25; gross proceeds before fees.
- As-adjusted stockholders' equity of $4.816M as of March 31, 2023, up from $996,955, exceeding Nasdaq's $2.5M minimum.
- Company still fails Nasdaq minimum bid price requirement; plans reverse stock split to cure by Sept 18, 2023.
- Preferred stock carries 12% dividend, convertible at $0.1092/share (subject to shareholder approval), warrants exercisable at same price.

## SEC filing metadata
- accession: 0001493152-23-026905
- form_type: 8-K
- ticker: BACK
- cik: 0001729944
- company_name: IMAC Holdings, Inc.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729944/000149315223026905/0001493152-23-026905-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729944/000149315223026905/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-026905
- JSON: https://secwatch.observer/filing/0001493152-23-026905.json
- Plain text: https://secwatch.observer/filing/0001493152-23-026905.txt

## Key facts
- Listing & Compliance Notices
  IMAC Holdings, Inc. received a nasdaq compliance regained notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: compliance regained
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: August 3, 2023, the Company submitted a plan to Nasdaq to grant the Company an extension of time until November 27, 2023 to provide evidence of compliance with the Minimum Equity Rule, and by filing this Current Report on Form 8-K, which includes (1) disclosure of Nasdaq’s deficiency letter and the specific deficiency or deficiencies cited; (2) a description of the completed transaction or event that enabled the Company to satisfy the stockholders’ equity requirement for continued listing; (3) an affirmative statement that, as of the date of the report, the Company believes it has regained com
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729944/000149315223026905/0001493152-23-026905-index.htm

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