secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001641172-25-001888
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IMAC Holdings issues $126,000 in promissory notes to lenders for $90,000 cash
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000164117225001888/0001641172-25-001888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000164117225001888/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-001888

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