debt
confidence high
sentiment neutral
materiality 0.40
IMAC Holdings, Inc. (BACK): debt financing — IMAC Holdings issues $275,800 promissory note to lenders, net proceeds $197,000
IMAC Holdings, Inc.
- Aggregate principal of $275,800 issued for purchase price of $197,000 (discount).
- Note is unsecured and matures on December 24, 2025.
- Company may prepay any outstanding principal at any time without penalty.
- Events of default include bankruptcy or insolvency of the company.