IMAC Holdings (OTC: BACK) issues $175,000 secured demand note

Rhea-AI Filing Summary

IMAC Holdings, Inc. entered into a new secured promissory note on February 26, 2026, creating a direct financial obligation. The note has an aggregate principal amount of $175,000 and was issued for an aggregate purchase price of $125,000.

The note is secured and payable on demand when the holder delivers a written payment demand, giving the lender flexibility on timing. IMAC may prepay any portion of the principal at any time without penalty. The agreement includes customary representations, covenants and default provisions, including bankruptcy or insolvency events that can make the full principal immediately due.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 26, 2026

IMAC Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-38797		83-0784691
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification Number)

3401 Mallory Lane, Suite 100 Franklin, Tennessee		37067
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (844) 266-4622

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		BACK		OTC Markets Group, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

The information provided in Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On February 26, 2026, IMAC Holdings, Inc. (the “Company”) issued a promissory note (the “Note”) to a certain lender (the “Lender”) in the aggregate principal amount of $175,000 for an aggregate purchase price from the Lenders of $125,000.

The Note is secured and matures the date the Holder demands payment in writing. The Company may prepay any portion of the outstanding principal at any time without penalty.

The Note includes customary representations, warranties and covenants and sets forth certain events of default after which the outstanding principal may be declared immediately due and payable, including certain types of bankruptcy or insolvency events of default involving the Company.

The foregoing description of the Note is not complete and is qualified in its entirety by reference to the full text of the Note, a copy of the form of which is filed as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
4.1		Form of Promissory Note (filed as Exhibit 4.1 to the Company’s Form 8-K filed with the SEC on February 18, 2025 and incorporated herein by reference).
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 27, 2026

	IMAC HOLDINGS, INC.
	By:	/s/ Faith Zaslavsky
	Name:	Faith Zaslavsky
	Title:	Chief Executive Officer

FAQ

What did IMAC Holdings (BACK) disclose about its new debt obligation?

IMAC Holdings disclosed that it issued a secured promissory note with a principal amount of $175,000. The note creates a direct financial obligation and was sold for a purchase price of $125,000, reflecting a discount to the principal value for the lender.

What are the key financial terms of IMAC Holdings’ new promissory note?

The new IMAC Holdings promissory note has a $175,000 aggregate principal amount and an aggregate purchase price of $125,000. It is a secured obligation, can be prepaid at any time without penalty, and becomes due when the holder makes a written demand for payment.

When does IMAC Holdings’ new promissory note mature or become payable?

The IMAC Holdings promissory note does not have a fixed calendar maturity date. Instead, it matures on the date the holder demands payment in writing, effectively making it a demand note that can be called at the lender’s discretion subject to that written demand.

Can IMAC Holdings prepay the new promissory note without penalties?

Yes, IMAC Holdings may prepay any portion of the outstanding principal on the promissory note at any time without penalty. This flexibility allows the company to reduce or eliminate the debt early if it has available funds, potentially lowering future financing-related obligations.

Is the IMAC Holdings (BACK) promissory note secured or unsecured?

The IMAC Holdings promissory note is explicitly described as secured. This means the lender has a claim on specified collateral if certain events of default occur, which can include bankruptcy or insolvency events involving the company, making the obligation more protective for the lender.

What events can trigger default on IMAC Holdings’ new promissory note?

The note includes customary events of default under which the outstanding principal may be declared immediately due and payable. These include certain bankruptcy or insolvency events involving IMAC Holdings, alongside other standard representations, warranties and covenants typically found in similar financing arrangements.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.9 KB