debt
confidence high
sentiment neutral
materiality 0.75
IMAC Holdings issues $7.53M senior secured notes due Jan 31, 2026
IMAC Holdings, Inc.
- Aggregate principal $7,530,929.74; purchase price ~$6,332,901.16 via cash and debt conversion.
- Notes mature Jan 31, 2026; 0% interest unless default then 14% per annum.
- Notes senior to all future debt; secured by first-priority lien on substantially all assets.
- 10 subsidiaries guarantee including Ignite Proteomics, IMAC Regeneration Center of St Louis, others.
- Buyers: Cavalry Fund I SPV I LP, C/M Capital Master Fund LP, and Cavalry Fund I LP.
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