IMAC Holdings (BACK) issues secured $210K promissory note

IMAC Holdings, Inc. (BACK) entered into a new short-term financing arrangement through a secured promissory note.

Rhea-AI Filing Summary

IMAC Holdings, Inc. (BACK) entered into a new short-term financing arrangement through a secured promissory note. On November 14, 2025, the company issued a Note with an aggregate principal amount of $210,000 to a lender in exchange for an aggregate purchase price of $150,000, reflecting an original issue discount. The Note is secured and matures on February 13, 2026, and IMAC may prepay any portion of the principal at any time without penalty. The Note includes customary representations, warranties, covenants and events of default, including bankruptcy or insolvency events that could cause the outstanding principal to become immediately due and payable.

Insights

Capital structure and credit analyst

IMAC adds short-term secured debt with a discounted $210K note.

IMAC Holdings, Inc. issued a secured promissory note with a principal amount of $210,000 for a purchase price of $150,000. This structure indicates an original issue discount, which effectively increases the economic cost of borrowing compared with the cash received.

The note is short term, maturing on February 13, 2026, and can be prepaid without penalty. That flexibility may help the company reduce interest cost if cash becomes available, but the secured status means specific assets support the obligation.

Customary covenants and events of default, including bankruptcy or insolvency events, allow the lender to declare the principal immediately due and payable if triggered. This creates typical lender protections and underscores that timely repayment and covenant compliance are important over the life of this note.

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, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What financing transaction did IMAC Holdings (BACK) announce?

IMAC Holdings, Inc. announced that it issued a secured promissory note with an aggregate principal amount of $210,000 to a lender on November 14, 2025.

How much cash did IMAC Holdings receive from the new $210,000 note?

The company received an aggregate purchase price of $150,000 from the lender for the promissory note, reflecting an original issue discount.

When does IMAC Holdings’ new promissory note mature?

The secured promissory note issued by IMAC Holdings, Inc. matures on February 13, 2026, making it a short-term obligation.

Can IMAC Holdings prepay the new promissory note without penalty?

Yes. IMAC Holdings, Inc. may prepay any portion of the outstanding principal of the note at any time without penalty.

Is the IMAC Holdings (BACK) promissory note secured and what are the default terms?

Yes. The note is secured and includes customary covenants and events of default, including certain bankruptcy or insolvency events that can make the principal immediately due and payable.

What exhibit relates to IMAC Holdings’ new promissory note?

The company filed a Form of Promissory Note dated November 14, 2025 as Exhibit 4.1, along with a Cover Page Interactive Data File as Exhibit 104.

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

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Accepted by SEC EDGAR 11/20/2025 - 04:46 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): November 14, 2025

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 November 14, 2025, IMAC Holdings, Inc. (the “Company”) issued a promissory note (the “Note”) to a certain lender (the “Lender”) in the aggregate principal amount of $210,000 for an aggregate purchase price from the Lenders of $150,000.

The Note is secured and matures on February 13, 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 dated November 14, 2025.
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: November 20, 2025

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