secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001641172-25-011730
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000164117225011730/0001641172-25-011730-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000164117225011730/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-011730

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