IMAC Holdings, Inc. (BACK): debt financing — IMAC issues $150.5K notes at discount; calls March 26 special meeting for reverse split, share authorization

IMAC Holdings, Inc.

Issued $150,500 principal promissory notes for $107,500; unsecured, mature upon $1M offering or Nov 18, 2025.
Special meeting March 26: vote on issuing shares >19.99% (Series G, ELOC), increasing authorized shares, reverse split 1:2–1:20.
Engaged Advantage Proxy for proxy solicitation; fee not expected to exceed $15,000.
Notes have original issue discount of $43,000; prepayable without penalty.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

IMAC Holdings, Inc. incurred loan of $150,500 maturing the earlier of (i) the date of consummation of any offering or offerings, individually or in the aggregate, of securities with gross proceeds of at least $1,000.

Instrument: loan
Principal: $150,500
Maturity: the earlier of (i) the date of consummation of any offering or offerings, individually or in the aggregate, of securities with gross proceeds of at least $1,000
Event: incurrence

Exact text from the filing

On March 6, 2025, IMAC Holdings, Inc. (the “Company”) issued promissory notes (the “Notes”) to certain lenders (the “Lenders”) in the aggregate principal amount of $150,500, for an aggregate purchase price from the Lenders of $107,500.

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IMAC Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-009573

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