debt
confidence high
sentiment neutral
materiality 0.40
IMAC Holdings, Inc. (BACK): debt financing — IMAC Holdings issues $110K promissory notes for $100K net proceeds
IMAC Holdings, Inc.
- Aggregate principal amount of $110,000; purchased by lenders for $100,000, implying $10K original issue discount.
- Notes are unsecured and mature the earlier of Nov 14, 2025 or a subsequent offering with gross proceeds ≥$1 million.
- Customary events of default include bankruptcy/insolvency; outstanding principal may become immediately due and payable.