IMAC Holdings (BACK) takes on $222,600 secured note for $159,000 cash

Rhea-AI Filing Summary

IMAC Holdings, Inc. entered into a new short-term financing arrangement by issuing a secured promissory note with an aggregate principal amount of $222,600 to a lender for a purchase price of $159,000. The note, which includes customary representations, warranties, covenants and events of default, matures on January 31, 2026. The company may prepay any portion of the principal at any time without penalty, giving flexibility to repay the obligation quickly if cash is available.

Insights

Capital structure and credit analyst

IMAC adds very short-term secured debt at a discount.

IMAC Holdings has issued a secured promissory note with principal of $222,600 for proceeds of $159,000. This structure implies original issue discount, meaning the company receives less cash than the face value while owing the full principal at maturity.

The note matures on January 31, 2026, creating a near‑term repayment requirement. It permits prepayment without penalty, so the company can retire the obligation earlier if liquidity permits. Customary covenants and bankruptcy or insolvency events of default are described, indicating standard creditor protections.

Because the amount is limited and context on overall balance sheet is not provided in this excerpt, the incremental debt appears administratively important but not clearly transformational on its own. Future filings may clarify how this short‑term borrowing fits within broader financing plans.

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.

FAQ

What financing did IMAC Holdings (BACK) enter into on January 29, 2026?

IMAC Holdings issued a secured promissory note with principal of $222,600 to a lender. The company received an aggregate purchase price of $159,000, creating a short-term borrowing arrangement documented as a material definitive agreement in the current report.

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

The promissory note has principal of $222,600, a purchase price of $159,000, is secured, and matures on January 31, 2026. IMAC Holdings may prepay any portion of the outstanding principal at any time without penalty, under customary representations, warranties, covenants, and events of default.

When does IMAC Holdings’ January 2026 promissory note mature?

The secured promissory note issued by IMAC Holdings on January 29, 2026 matures on January 31, 2026. This creates a very short-term obligation, although the company can choose to prepay any portion of the principal earlier without incurring a prepayment penalty.

Is IMAC Holdings’ new promissory note prepayable without penalty?

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 short-term secured obligation as cash becomes available before the scheduled maturity date.

What events can trigger default under IMAC Holdings’ new note?

The note includes customary events of default, including certain bankruptcy or insolvency events involving IMAC Holdings. If such an event of default occurs, the outstanding principal may be declared immediately due and payable under the terms described in the agreement.

Where can investors find the full terms of IMAC Holdings’ promissory note?

The full form of the promissory note is filed as Exhibit 4.1 and incorporated by reference. It was previously filed with the SEC on November 20, 2025, and contains the complete detailed terms beyond the high-level description summarized here.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Accepted by SEC EDGAR 01/30/2026 - 04:37 PM Learn about SEC filing dates

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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): January 29, 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 January 29, 2026, IMAC Holdings, Inc. (the “Company”) issued a promissory note (the “Note”) to a certain lender (the “Lender”) in the aggregate principal amount of $222,600 for an aggregate purchase price from the Lenders of $159,000.

The Note is secured and matures on January 31, 2026. 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 November 20, 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: January 30, 2026

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