IMAC Holdings restates FY2024 and two Q 2024 financials over preferred dividend error

IMAC Holdings, Inc.

Audit Committee on May 16, 2025 determined Q2 and Q3 2024 and FY 2024 financials unreliable due to non-cash preferred dividend accounting error.
Error does not affect cash position; restatement is for non-cash preferred dividend accounting only.
Material weakness in ICFR identified: insufficient accounting resources to handle complex financial instruments.
Company assessing impact and plans to amend the affected quarterly and annual reports.

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