secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2025-04-03T23:59:59+00:00
Accession:  0001641172-25-002587
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IMAC Holdings issues $36,050 promissory note with $10,300 OID, matures Dec 24, 2025
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- Principal $36,050; purchase price $25,750, implying ~28.5% original-issue discount.
- Note is unsecured, matures December 24, 2025; prepayable anytime without penalty.
- Customary events of default include bankruptcy/insolvency proceedings.
- Proceeds used for general corporate purposes according to the filing.
- Form of note filed as Exhibit 4.1 to the 8-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000164117225002587/0001641172-25-002587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000164117225002587/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-002587

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