secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001493152-25-008752
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IMAC Holdings issues $70K note at 40% discount; amends prior notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315225008752/0001493152-25-008752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315225008752/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-008752

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