secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0001493152-24-047466
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IMAC Holdings issues $140K principal notes at $100K purchase price; repaid Nov 14
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315224047466/0001493152-24-047466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315224047466/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-047466

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