secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2026-03-19T23:59:59+00:00
Accession:  0001493152-26-011609
Event type: m_and_a
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IMAC defaults on notes, transfers Ignite assets to satisfy debt; Aditxt acquires Ignite for $36M in preferred stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000149315226011609/0001493152-26-011609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000149315226011609/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-011609

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