{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-011609","form_type":"8-K","ticker":"BACK","cik":"0001729944","company_name":"IMAC Holdings, Inc.","filed_at":"2026-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.022470+00:00","generated_at":"2026-05-15T09:39:04.778735+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"IMAC defaults on notes, transfers Ignite assets to satisfy debt; Aditxt acquires Ignite for $36M in preferred stock","bullets":["IMAC acknowledges default under senior secured notes and transfers 100% of Ignite Proteomics equity and related assets to collateral agent.","The turnover fully satisfies all obligations under the notes held by Cavalry Fund I SPV I LP and other noteholders.","Ignite Assets to be sold to Aditxt for minimum stated value of $35M; Aditxt pays with $36M in Series A-2 convertible preferred stock.","Securities Purchase Agreement includes piggyback registration rights and customary representations; closing conditions typical.","Unregistered offering of preferred stock under Section 4(a)(2)/Rule 506(b); shares not registered."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-011609","json":"https://secwatch.observer/filing/0001493152-26-011609.json","markdown":"https://secwatch.observer/filing/0001493152-26-011609.md","text":"https://secwatch.observer/filing/0001493152-26-011609.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1729944/000149315226011609/0001493152-26-011609-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1729944/000149315226011609/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:39:04.778735+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a94e54b338b34d00596d0f622544e2500a1300be","claim":"IMAC Holdings, Inc. entered into Securities Purchase Agreement with Aditxt, Inc. (\"ADTX\") and several investors party thereto valued at aggregate of $36,000,000 (effective 2026-03-11).","evidence_excerpt":"On March 11, 2026, the Company also entered into a securities purchase agreement (the “Securities Purchase Agreement”) with ADTX and several investors party thereto (the “Investors”) pursuant to which ADTX sold a new series of convertible preferred stock designated as Series A-2 convertible preferred stock, $0.001 par value per share which are convertible to shares of common stock (the “A-2 Preferred Stock”) in an amount of $1,000 per share (for an aggregate of $36,000,000).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1729944/000149315226011609/0001493152-26-011609-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Aditxt, Inc. (\"ADTX\") and several investors party thereto"},{"label":"Value","value":"aggregate of $36,000,000"},{"label":"Effective","value":"2026-03-11"}],"fact_type":"material_agreement"},{"claim_id":"dbba214ea7347788c59ca4e0152db5c68b71a5b5","claim":"IMAC Holdings, Inc. entered into Turnover and Release Agreement with Cavalry Fund I SPV I LP (as collateral agent) and the Noteholders valued at stated value of at least $35 million (effective 2026-03-11).","evidence_excerpt":"On March 11, 2026, IMAC Holdings, Inc., a Delaware corporation (the “Company”) entered into a voluntary turnover, retention in satisfaction and release agreement (the “Turnover and Release Agreement”) with Cavalry Fund I SPV I LP, a Delaware limited partnership, as collateral agent (the “Collateral Agent”) and the holders (the “Noteholders”) of senior secured notes","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1729944/000149315226011609/0001493152-26-011609-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Cavalry Fund I SPV I LP (as collateral agent) and the Noteholders"},{"label":"Value","value":"stated value of at least $35 million"},{"label":"Effective","value":"2026-03-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}