secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2025-03-27T23:59:59+00:00
Accession:  0001641172-25-000859
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 2.03, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000164117225000859/0001641172-25-000859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000164117225000859/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-000859

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer