secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0001493152-25-009573
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IMAC issues $150.5K notes at discount; calls March 26 special meeting for reverse split, share authorization
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315225009573/0001493152-25-009573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315225009573/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-009573

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