debt
confidence high
sentiment negative
materiality 0.60
IMAC Holdings, Inc. (BACK): debt financing — IMAC Holdings issues $210K secured promissory note at $150K purchase price
IMAC Holdings, Inc.
- Note principal $210,000; proceeds $150,000; effective discount $60,000.
- Note is secured, matures on demand without written prepayment penalty.
- Customary representations, warranties, defaults including bankruptcy events.
- Funds obtained from a single lender; no stated use of proceeds.