---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-000859"
form_type: "8-K"
ticker: "BACK"
cik: "0001729944"
company_name: "IMAC Holdings, Inc."
filed_at: "2025-03-27T23:59:59+00:00"
generated_at: "2026-05-24T03:59:18.495079+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# IMAC Holdings receives Nasdaq delisting notice; moves to OTC Pink; stockholders approve reverse split

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-000859
- form_type: 8-K
- ticker: BACK
- cik: 0001729944
- company_name: IMAC Holdings, Inc.
- filed_at: 2025-03-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 5.03, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1729944/000164117225000859/0001641172-25-000859-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1729944/000164117225000859/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-000859
- JSON: https://secwatch.observer/filing/0001641172-25-000859.json
- Plain text: https://secwatch.observer/filing/0001641172-25-000859.txt

## Key facts
- Debt Financings
  IMAC Holdings, Inc. incurred loan of $84,000 maturing December 24, 2025.
  - Instrument: loan
  - Principal: $84,000
  - Maturity: December 24, 2025
  - Event: incurrence
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729944/000164117225000859/0001641172-25-000859-index.htm
- Governance Changes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1729944/000164117225000859/0001641172-25-000859-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.