debt
confidence high
sentiment neutral
materiality 0.25
IMAC Holdings issues $140K principal notes at $100K purchase price; repaid Nov 14
IMAC Holdings, Inc.
- Issued unsecured promissory notes for aggregate principal of $140,000, purchased at $100,000 (implicit 40% discount).
- Notes mature on earlier of $1M+ securities offering close or June 18, 2025; prepayable without penalty.
- Company used proceeds from a November 14 private offering to repay the notes in full.
- Notes include customary events of default, including bankruptcy/insolvency provisions.