secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K/A
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0001493152-24-047462
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IMAC Holdings closes $3.74M PIPE, enters $60M equity line, amends preferred stock terms
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- Raised $3.74M via PIPE of Series G Preferred Stock (convertible at $1.57) and warrants (exercise price $1.44).
- Used $2.24M of proceeds to repay outstanding promissory notes; balance for general corporate purposes.
- Entered $60M equity line of credit; can sell shares at 92.5% of VWAP subject to $0.25 minimum price and other conditions.
- Amended existing preferred stock to waive stockholder approval requirement and eliminate antidilution adjustment rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315224047462/0001493152-24-047462-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315224047462/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-047462

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