secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2025-12-30T23:59:59+00:00
Accession:  0001493152-25-029639
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IMAC Holdings issues $7.53M senior secured notes due Jan 31, 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315225029639/0001493152-25-029639-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315225029639/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-029639

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