IMAC Holdings, Inc. (BACK): debt financing — IMAC Holdings issues $126,000 in promissory notes to lenders for $90,000 cash

IMAC Holdings, Inc.

Notes have $126,000 aggregate principal; lenders paid $90,000 purchase price (original issue discount).
Unsecured, mature earlier of qualifying offering with $1M+ gross proceeds or November 14, 2025.
Company may prepay any portion of outstanding principal at any time without penalty.
Includes customary events of default, including bankruptcy or insolvency triggers.

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 $126,000 with certain lenders maturing the earlier of (i) the date of consummation of any offering or offerings, individually or in the aggregate, of securities with gross proceeds of at least $1,000.

Instrument: loan
Principal: $126,000
Counterparty: certain lenders
Maturity: the earlier of (i) the date of consummation of any offering or offerings, individually or in the aggregate, of securities with gross proceeds of at least $1,000
Event: incurrence

Exact text from the filing

On March 31, 2025, IMAC Holdings, Inc. (the "Company") issued promissory notes (the "Notes") to certain lenders (the "Lenders") in the aggregate principal amount of $126,000, for an aggregate purchase price from the Lenders of $90,000.

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IMAC Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-001888

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