secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2025-03-14T23:59:59+00:00
Accession:  0001493152-25-010378
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 3.01, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IMAC Holdings receives Nasdaq minimum bid price deficiency notice; issues promissory notes to insiders
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- Nasdaq notified IMAC its stock failed to meet $1.00 minimum bid price for 30 consecutive days; compliance period until Sept 9, 2025.
- Issued promissory notes totaling $129,000 principal to Chair Busch and other lenders for net proceeds of $97,500.
- Board reduced stockholder meeting quorum from majority to one-third, effective March 13, 2025.
- Separate Nasdaq delisting appeal for equity deficiency is pending after March 4, 2025 hearing.
- Special meeting on March 26, 2025 will vote on reverse stock split to cure bid price deficiency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315225010378/0001493152-25-010378-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315225010378/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-010378

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