regulatory
confidence high
sentiment negative
materiality 0.95
IMAC Holdings, Inc. (BACK): Nasdaq/NYSE listing notice — Nasdaq denies IMAC Holdings' appeal; stock to be suspended March 26, delisted
IMAC Holdings, Inc.
- Nasdaq Hearings Panel denied IMAC's request to continue listing; trading suspended at open March 26, 2025.
- Common stock will trade on OTC Pink Market under symbol 'BACK' starting March 26; OTCQB application planned.
- Delisting stems from failure to meet $2.5M minimum stockholders' equity requirement under Listing Rule 5550(b)(1).
- Company warns of limited liquidity, possible further price depression, and reduced ability to raise capital.