regulatory
confidence high
sentiment negative
materiality 0.85
IMAC Holdings faces Nasdaq delisting; seeks shareholder approval for large stock issuances
IMAC Holdings, Inc.
- Filed proxy for March 26 special meeting to approve issuing >19.99% of common stock under Series G Preferred and equity financing.
- Proposes certificate amendment to increase authorized shares of common stock.
- Nasdaq hearing on delisting determination scheduled for March 4, 2025; stock continues trading pending appeal.
- Consents of former independent accounting firms Salberg & Company and Cherry Bekaert LLP filed as exhibits.