IMAC Holdings, Inc. (BACK): debt financing — IMAC Holdings receives Nasdaq delisting notice; moves to OTC Pink; stockholders approve reverse split

IMAC Holdings, Inc.

On March 24, received Nasdaq suspension/delisting notice for March 26; now trading OTC Pink.
Entered waiver with Keystone removing $0.25 floor price and Nasdaq restrictions for $60M ELOC.
Issued $84K in promissory notes for $60K cash; earlier notes amended to allow up to $649,500.
Special meeting March 26: approved authorized shares increase to 120M and reverse stock split.
Issued $16.5K promissory note to CEO Jeffrey Busch for $15K on March 19.

item 1.01 item 2.03 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

IMAC Holdings, Inc. incurred loan of $84,000 maturing December 24, 2025.

Instrument: loan
Principal: $84,000
Maturity: December 24, 2025
Event: incurrence

Exact text from the filing

On March 25, 2025, the Company issued promissory notes (the “March 25 Promissory Notes”) to certain lenders (the “Lenders”) in the aggregate principal amount of $84,000, for an aggregate purchase price from the Lenders of $60,000.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

IMAC Holdings, Inc.: Increased authorized common stock from 60,000,000 to 120,000,000 shares via Certificate of Amendment (effective 2025-03-26).

Change: charter amendment
Effective: 2025-03-26

Exact text from the filing

Effective upon the approval of the Authorized Common Stock Increase Proposal, on March 26, 2025 the Company formally completed the increase of the authorized Common Stock from 60,000,000 shares to 120,000,000 shares by filing a Certificate of Amendment with the Delaware Secretary of State

View on SEC.gov

101 debt financings filed in the last 30 days. Browse all debt financings →

IMAC Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-000859

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