secwatch.observer — SEC 8-K summary
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Issuer:     IMAC Holdings, Inc. (BACK)
CIK:        0001729944
Form:       8-K
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001641172-25-023197
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IMAC Holdings issues $315k in unsecured promissory notes maturing Dec 2025
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- Issued two promissory notes on Aug 11-12, 2025: Note 1 $229,600 (purchase $164,000) and Note 2 $85,400 (purchase $61,000).
- Both notes unsecured, mature Dec 24, 2025; prepayable without penalty.
- Customary events of default include bankruptcy/insolvency triggers for acceleration.
- Notes issued at discounts to principal, implying original issue discount.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1729944/000164117225023197/0001641172-25-023197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1729944/000164117225023197/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-023197

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