secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2023-09-08T23:59:59+00:00
Accession:  0001493152-23-032131
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315223032131/0001493152-23-032131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315223032131/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-032131

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