---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-046280"
form_type: "8-K"
ticker: "BACK"
cik: "0001729944"
company_name: "IMAC Holdings, Inc."
filed_at: "2023-12-27T23:59:59+00:00"
generated_at: "2026-06-07T06:56:35.639627+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# IMAC Holdings raises $250K via convertible preferred; cuts conversion price to $1.84

## Summary
- Entered letter agreement with institutional investors for additional $250,000 of convertible preferred stock.
- Exchanged Series A-1/A-2 preferred for new Series B-1/B-2 preferred, convertible at $1.84/share (above recent close).
- Warrant exercise price reduced to $1.84; proceeds for working capital and general corporate purposes.
- Securities sold in private placement under Section 4(a)(2)/Regulation D; Joseph Gunnar acted as placement agent.

## SEC filing metadata
- accession: 0001493152-23-046280
- form_type: 8-K
- ticker: BACK
- cik: 0001729944
- company_name: IMAC Holdings, Inc.
- filed_at: 2023-12-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729944/000149315223046280/0001493152-23-046280-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729944/000149315223046280/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-046280
- JSON: https://secwatch.observer/filing/0001493152-23-046280.json
- Plain text: https://secwatch.observer/filing/0001493152-23-046280.txt

## Key facts
- Material Agreements
  IMAC Holdings, Inc. amended the letter agreement with the Investors valued at $250,000 (effective 2023-12-20).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: the Investors
  - Value: $250,000
  - Effective: 2023-12-20
  source text: On December 20, 2023, the Company entered into a letter agreement with the Investors providing for the sale of an additional aggregate $250,000 of convertible preferred stock (the "Private Placement").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729944/000149315223046280/0001493152-23-046280-index.htm
- Material Agreements
  IMAC Holdings, Inc. entered into the "Private Placement" with several institutional and accredited investors valued at $250,000 (effective 2023-12-20).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: several institutional and accredited investors
  - Value: $250,000
  - Effective: 2023-12-20
  source text: On December 20, 2023, the Company entered into a letter agreement with the Investors providing for the sale of an additional aggregate $250,000 of convertible preferred stock (the "Private Placement").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729944/000149315223046280/0001493152-23-046280-index.htm

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