secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001493152-25-007100
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IMAC Holdings issues $110K promissory notes for $100K net proceeds
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315225007100/0001493152-25-007100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315225007100/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-007100

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