debt
confidence high
sentiment neutral
materiality 0.30
IMAC Holdings, Inc. (BACK): debt financing — IMAC Holdings issues $70K note at 40% discount; amends prior notes
IMAC Holdings, Inc.
- Issued $70,000 principal promissory note to Keystone Capital Partners for $50,000 purchase price.
- Notes are unsecured, mature Nov 14, 2025 or upon a $1M+ equity offering, with customary default provisions.
- First Amendment increases additional note authorization cap to $280,000, ranking pari passu with original $110,000 notes.
- Original $110,000 Notes from Feb 14, 2025 (to Keystone, Ashton Capital, Busch) amended to include new note in equal priority.