---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-032131"
form_type: "8-K"
ticker: "BACK"
cik: "0001729944"
company_name: "IMAC Holdings, Inc."
filed_at: "2023-09-08T23:59:59+00:00"
generated_at: "2026-06-10T22:15:49.313032+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# IMAC Holdings receives Nasdaq delisting notice; enacts 1-for-30 reverse stock split to regain compliance

## Summary
- Received Nasdaq delisting notice on Sept 6, 2023 due to stock closing at $0.10 or less for ten consecutive trading days.
- Company intends to request hearing to appeal delisting; stay will be granted pending Panel decision.
- Filed Certificate of Amendment for 1-for-30 reverse stock split, effective Sept 7, 2023 after market close.
- Reverse split reduces outstanding shares from ~33M to ~1.1M; fractional shares rounded up.
- Split is designed to help meet Nasdaq's $1.00 minimum bid price requirement for continued listing.

## SEC filing metadata
- accession: 0001493152-23-032131
- form_type: 8-K
- ticker: BACK
- cik: 0001729944
- company_name: IMAC Holdings, Inc.
- filed_at: 2023-09-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729944/000149315223032131/0001493152-23-032131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729944/000149315223032131/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-032131
- JSON: https://secwatch.observer/filing/0001493152-23-032131.json
- Plain text: https://secwatch.observer/filing/0001493152-23-032131.txt

## Key facts
- Listing & Compliance Notices
  IMAC Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(A)(iii)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(A)(iii)
  source text: September 6, 2023, the Company received a written notice from Nasdaq’s Listing Qualifications Department (the “ September 2023 Notice ”) notifying that, because the bid price for the Company’s voting common stock, par value $0.001 per share (the “ Common Stock ”) and warrants (the “ Warrants ”), had closed at $0.10 or less for the preceding ten consecutive trading days, in contravention of Nasdaq Listing Rule 5810(c)(3)(A)(iii), the Company’s securities were subject to delisting unless the Company requested a hearing before the Nasdaq Hearings Panel (the “ Panel ”) no later than September 13
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729944/000149315223032131/0001493152-23-032131-index.htm
- Governance Changes
  IMAC Holdings, Inc.: Amendment to Certificate of Incorporation to effect a 1-for-30 reverse stock split (effective 2023-09-07).
  - Change: charter amendment
  - Effective: 2023-09-07
  source text: the Company’s Board of Directors approved an amendment to the Company’s Certificate of Incorporation (the “ Amendment ”) to effectuate a reverse stock split of the Company’s Common Stock, affecting the issued and outstanding number of such shares by a ratio of one-for-thirty (the “ Reverse Stock Split ”). The Company filed the Amendment to its Certificate of Incorporation with the State of Delaware effectuating the Reverse Stock Split on September 6, 2023. The Reverse Stock Split became effective in the State of Delaware at 11:59 P.M. ET on Thursday, September 7, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729944/000149315223032131/0001493152-23-032131-index.htm

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