secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2023-12-27T23:59:59+00:00
Accession:  0001493152-23-046280
Event type: other_material
Sentiment:  negative
Materiality: 0.45
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315223046280/0001493152-23-046280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315223046280/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-046280

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer