IMAC Holdings adds $175,000 secured promissory note
IMAC Holdings, Inc. entered into a new secured promissory note on February 26, 2026, creating a direct financial obligation.
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.
Positive
- None.
Negative
- None.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did IMAC Holdings (BACK) disclose about its new debt obligation?
What are the key financial terms of IMAC Holdings’ new promissory note?
When does IMAC Holdings’ new promissory note mature or become payable?
Can IMAC Holdings prepay the new promissory note without penalties?
Is the IMAC Holdings (BACK) promissory note secured or unsecured?
What events can trigger default on IMAC Holdings’ new promissory note?
AI-generated analysis. How Rhea-AI works. Not financial advice.