STOCK TITAN

[8-K] IMAC HOLDINGS INC Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

IMAC Holdings, Inc. (ticker: BACK) filed an 8-K on 17 Jun 2025 disclosing a new promissory note. The company issued an unsecured note with an aggregate principal of $301,000 in exchange for $215,000 cash proceeds from a single lender, implying a substantial original-issue discount. The note carries a short maturity date of 24 Dec 2025—about six months—suggesting near-term repayment pressure. Management can prepay at any time without penalty, which provides financial flexibility. Standard representations, covenants and bankruptcy-related default triggers apply; upon default, the lender may accelerate repayment. No collateral, equity conversion features, or warrants were disclosed, and the instrument references the form of note previously filed on 6 May 2025 (Exhibit 4.1).

Key implications for investors:

  • The additional borrowing modestly increases leverage for this micro-cap company, though the absolute dollar amount is small.
  • The unsecured structure avoids encumbering assets, but the discount (≈29% between principal and cash received) indicates a high effective cost of capital.
  • Management’s ability to prepay without penalty could reduce interest expense if cash flow permits early retirement.
  • The short tenor concentrates refinancing/repayment risk into the next two quarters, making future liquidity updates important.

No other material agreements, financial statements, or earnings data accompanied the filing.

IMAC Holdings, Inc. (ticker: BACK) ha depositato un modulo 8-K il 17 giugno 2025, annunciando una nuova cambiale. La società ha emesso una cambiale non garantita con un valore nominale complessivo di 301.000 $ in cambio di 215.000 $ di liquidità provenienti da un unico prestatore, implicando un significativo sconto di emissione. La cambiale ha una scadenza breve, fissata al 24 dicembre 2025—circa sei mesi—e suggerisce una pressione per il rimborso a breve termine. La direzione può rimborsare anticipatamente in qualsiasi momento senza penali, offrendo flessibilità finanziaria. Sono applicabili le rappresentazioni standard, le clausole e le condizioni di default legate a fallimento; in caso di inadempienza, il prestatore può accelerare il rimborso. Non sono stati indicati garanzie, conversioni in azioni o warrant, e lo strumento fa riferimento al modello di cambiale precedentemente depositato il 6 maggio 2025 (Allegato 4.1).

Principali implicazioni per gli investitori:

  • Il nuovo indebitamento aumenta leggermente la leva finanziaria di questa micro-cap, anche se l’importo assoluto è contenuto.
  • La struttura non garantita evita di vincolare asset, ma lo sconto (circa il 29% tra valore nominale e liquidità ricevuta) indica un costo del capitale effettivo elevato.
  • La possibilità di rimborso anticipato senza penali potrebbe ridurre gli oneri finanziari se i flussi di cassa lo permettono.
  • La breve durata concentra il rischio di rifinanziamento/rimborso nei prossimi due trimestri, rendendo importanti gli aggiornamenti sulla liquidità futura.

Non sono stati allegati altri accordi rilevanti, bilanci o dati sugli utili.

IMAC Holdings, Inc. (símbolo: BACK) presentó un formulario 8-K el 17 de junio de 2025, revelando un nuevo pagaré. La empresa emitió un pagaré no garantizado con un principal agregado de 301,000 $ a cambio de 215,000 $ en efectivo provenientes de un solo prestamista, lo que implica un descuento significativo en la emisión original. El pagaré tiene una fecha de vencimiento corta, el 24 de diciembre de 2025, aproximadamente seis meses, lo que sugiere presión para el reembolso a corto plazo. La administración puede pagar anticipadamente en cualquier momento sin penalización, lo que brinda flexibilidad financiera. Se aplican representaciones estándar, convenios y desencadenantes de incumplimiento relacionados con bancarrota; en caso de incumplimiento, el prestamista puede acelerar el pago. No se divulgaron garantías, características de conversión en acciones ni warrants, y el instrumento hace referencia al formulario de pagaré presentado anteriormente el 6 de mayo de 2025 (Exhibición 4.1).

Implicaciones clave para los inversores:

  • El endeudamiento adicional aumenta modestamente el apalancamiento de esta empresa micro-cap, aunque el monto absoluto es pequeño.
  • La estructura no garantizada evita gravar activos, pero el descuento (≈29% entre el principal y el efectivo recibido) indica un alto costo efectivo de capital.
  • La capacidad de la administración para pagar anticipadamente sin penalización podría reducir los gastos por intereses si el flujo de caja permite una amortización anticipada.
  • El plazo corto concentra el riesgo de refinanciamiento/pago en los próximos dos trimestres, haciendo importantes las actualizaciones futuras de liquidez.

No se acompañaron otros acuerdos materiales, estados financieros o datos de ganancias con la presentación.

IMAC Holdings, Inc. (티커: BACK)는 2025년 6월 17일 8-K 보고서를 제출하며 새로운 약속어음을 공시했습니다. 회사는 단일 대출자로부터 현금 215,000달러를 받고 총 원금 301,000달러무담보 약속어음을 발행했으며, 이는 상당한 최초 발행 할인율을 의미합니다. 약속어음의 만기일은 2025년 12월 24일로 약 6개월로 짧아 단기 상환 압박이 예상됩니다. 경영진은 언제든지 위약금 없이 조기 상환할 수 있어 재무적 유연성을 제공합니다. 표준 진술, 계약 조항 및 파산 관련 디폴트 조항이 적용되며, 디폴트 발생 시 대출자는 상환 가속을 요구할 수 있습니다. 담보, 주식 전환 권리 또는 워런트는 공개되지 않았으며, 이 약속어음은 2025년 5월 6일 제출된 양식(첨부문서 4.1)을 참조합니다.

투자자에게 주는 주요 시사점:

  • 추가 차입은 이 소형주 기업의 레버리지를 다소 증가시키지만, 절대 금액은 적습니다.
  • 무담보 구조는 자산 담보를 피하지만, 할인율(원금과 현금 수령액 간 약 29%)은 높은 실질 자본 비용을 나타냅니다.
  • 경영진의 위약금 없는 조기 상환 능력은 현금 흐름이 허락하면 이자 비용을 줄일 수 있습니다.
  • 짧은 만기는 향후 두 분기 내에 재융자 및 상환 위험을 집중시켜, 향후 유동성 업데이트가 중요합니다.

제출서류에는 다른 중요 계약, 재무제표 또는 수익 데이터가 포함되지 않았습니다.

IMAC Holdings, Inc. (symbole : BACK) a déposé un formulaire 8-K le 17 juin 2025, divulguant une nouvelle reconnaissance de dette. La société a émis une reconnaissance de dette non garantie avec un principal total de 301 000 $ en échange de 215 000 $ de liquidités provenant d’un seul prêteur, ce qui implique une décote d’émission importante. La reconnaissance de dette a une date d’échéance courte, au 24 décembre 2025—environ six mois—suggérant une pression de remboursement à court terme. La direction peut rembourser à tout moment sans pénalité, offrant ainsi une flexibilité financière. Les représentations standard, les engagements et les déclencheurs de défaut liés à la faillite s’appliquent ; en cas de défaut, le prêteur peut accélérer le remboursement. Aucune garantie, option de conversion en actions ou bons de souscription n’ont été divulgués, et l’instrument fait référence au formulaire de reconnaissance déjà déposé le 6 mai 2025 (Exhibit 4.1).

Principales implications pour les investisseurs :

  • L’emprunt supplémentaire augmente modestement l’effet de levier de cette société micro-cap, bien que le montant absolu soit faible.
  • La structure non garantie évite de grever les actifs, mais la décote (environ 29 % entre le principal et les liquidités reçues) indique un coût effectif du capital élevé.
  • La capacité de la direction à rembourser anticipativement sans pénalité pourrait réduire les charges d’intérêts si les flux de trésorerie le permettent.
  • La courte durée concentre le risque de refinancement/remboursement dans les deux prochains trimestres, rendant les mises à jour futures sur la liquidité importantes.

Aucun autre accord matériel, état financier ou donnée sur les bénéfices n’a été joint au dépôt.

IMAC Holdings, Inc. (Ticker: BACK) reichte am 17. Juni 2025 ein 8-K ein und gab eine neue Schuldverschreibung bekannt. Das Unternehmen gab eine ungesicherte Schuldverschreibung mit einem Gesamtnennwert von 301.000 $ im Austausch für 215.000 $ Barerlöse von einem einzelnen Kreditgeber heraus, was auf einen erheblichen Emissionsabschlag hinweist. Die Schuldverschreibung hat ein kurzes Fälligkeitsdatum am 24. Dezember 2025—etwa sechs Monate—was auf kurzfristigen Rückzahlungsdruck hindeutet. Das Management kann jederzeit ohne Strafe vorzeitig zurückzahlen, was finanzielle Flexibilität bietet. Es gelten Standardzusicherungen, Covenants und Insolvenz-bedingte Auslösemechanismen; bei Zahlungsverzug kann der Kreditgeber die Rückzahlung beschleunigen. Es wurden keine Sicherheiten, Eigenkapitalumwandlungsrechte oder Warrants offengelegt, und das Instrument verweist auf das zuvor am 6. Mai 2025 eingereichte Notenformular (Anlage 4.1).

Wesentliche Auswirkungen für Investoren:

  • Die zusätzliche Verschuldung erhöht die Hebelwirkung dieses Mikro-Cap-Unternehmens leicht, obwohl der absolute Betrag gering ist.
  • Die ungesicherte Struktur vermeidet die Belastung von Vermögenswerten, aber der Abschlag (≈29 % zwischen Nennwert und erhaltenem Bargeld) weist auf hohe effektive Kapitalkosten hin.
  • Die Möglichkeit des Managements, ohne Strafe vorzeitig zu tilgen, könnte die Zinskosten senken, wenn der Cashflow eine frühzeitige Rückzahlung erlaubt.
  • Die kurze Laufzeit konzentriert das Refinanzierungs- und Rückzahlungsrisiko auf die nächsten zwei Quartale, wodurch zukünftige Liquiditätsupdates wichtig sind.

Dem Einreichungsschreiben lagen keine weiteren wesentlichen Vereinbarungen, Finanzberichte oder Gewinnzahlen bei.

Positive
  • The note is unsecured and can be prepaid without penalty, preserving asset flexibility and allowing the company to retire the debt early if cash flow improves.
Negative
  • The company accepted a $301k principal for only $215k in cash, reflecting a high effective interest cost and indicating limited access to low-cost capital.
  • The six-month maturity concentrates refinancing or repayment risk into late 2025, potentially straining near-term liquidity.

Insights

TL;DR: Small, high-cost note adds liquidity but raises near-term repayment risk; overall impact neutral for such a small amount.

The $215k cash infusion provides incremental working capital for a company whose market cap and cash balances are typically limited. Because the note is unsecured and prepayable, management retains operating flexibility without pledging assets. However, the almost 29% discount translates to an expensive effective annualized rate >30% if held to maturity. Given the brief six-month tenor, investors should watch cash burn, upcoming catalysts, and any additional financing. Absent these, dilution or refinancing may be needed. In absolute terms, the principal is unlikely to materially change the valuation outlook, so I regard the disclosure as neutral.

TL;DR: Note heightens short-term liquidity risk; costly discount signals constrained capital access—slightly negative.

The issuance at a steep discount highlights BACK’s limited financing options and potentially weak credit profile. Although unsecured, the note’s December 2025 maturity compresses repayment into a narrow window. Without substantial cash generation, the company may face roll-over risk or forced equity issuance. Default provisions tied to insolvency accelerate repayment, which could trigger a liquidity crunch. The covenant package appears light, but the effective cost of capital underscores deteriorating risk-adjusted financing terms.

IMAC Holdings, Inc. (ticker: BACK) ha depositato un modulo 8-K il 17 giugno 2025, annunciando una nuova cambiale. La società ha emesso una cambiale non garantita con un valore nominale complessivo di 301.000 $ in cambio di 215.000 $ di liquidità provenienti da un unico prestatore, implicando un significativo sconto di emissione. La cambiale ha una scadenza breve, fissata al 24 dicembre 2025—circa sei mesi—e suggerisce una pressione per il rimborso a breve termine. La direzione può rimborsare anticipatamente in qualsiasi momento senza penali, offrendo flessibilità finanziaria. Sono applicabili le rappresentazioni standard, le clausole e le condizioni di default legate a fallimento; in caso di inadempienza, il prestatore può accelerare il rimborso. Non sono stati indicati garanzie, conversioni in azioni o warrant, e lo strumento fa riferimento al modello di cambiale precedentemente depositato il 6 maggio 2025 (Allegato 4.1).

Principali implicazioni per gli investitori:

  • Il nuovo indebitamento aumenta leggermente la leva finanziaria di questa micro-cap, anche se l’importo assoluto è contenuto.
  • La struttura non garantita evita di vincolare asset, ma lo sconto (circa il 29% tra valore nominale e liquidità ricevuta) indica un costo del capitale effettivo elevato.
  • La possibilità di rimborso anticipato senza penali potrebbe ridurre gli oneri finanziari se i flussi di cassa lo permettono.
  • La breve durata concentra il rischio di rifinanziamento/rimborso nei prossimi due trimestri, rendendo importanti gli aggiornamenti sulla liquidità futura.

Non sono stati allegati altri accordi rilevanti, bilanci o dati sugli utili.

IMAC Holdings, Inc. (símbolo: BACK) presentó un formulario 8-K el 17 de junio de 2025, revelando un nuevo pagaré. La empresa emitió un pagaré no garantizado con un principal agregado de 301,000 $ a cambio de 215,000 $ en efectivo provenientes de un solo prestamista, lo que implica un descuento significativo en la emisión original. El pagaré tiene una fecha de vencimiento corta, el 24 de diciembre de 2025, aproximadamente seis meses, lo que sugiere presión para el reembolso a corto plazo. La administración puede pagar anticipadamente en cualquier momento sin penalización, lo que brinda flexibilidad financiera. Se aplican representaciones estándar, convenios y desencadenantes de incumplimiento relacionados con bancarrota; en caso de incumplimiento, el prestamista puede acelerar el pago. No se divulgaron garantías, características de conversión en acciones ni warrants, y el instrumento hace referencia al formulario de pagaré presentado anteriormente el 6 de mayo de 2025 (Exhibición 4.1).

Implicaciones clave para los inversores:

  • El endeudamiento adicional aumenta modestamente el apalancamiento de esta empresa micro-cap, aunque el monto absoluto es pequeño.
  • La estructura no garantizada evita gravar activos, pero el descuento (≈29% entre el principal y el efectivo recibido) indica un alto costo efectivo de capital.
  • La capacidad de la administración para pagar anticipadamente sin penalización podría reducir los gastos por intereses si el flujo de caja permite una amortización anticipada.
  • El plazo corto concentra el riesgo de refinanciamiento/pago en los próximos dos trimestres, haciendo importantes las actualizaciones futuras de liquidez.

No se acompañaron otros acuerdos materiales, estados financieros o datos de ganancias con la presentación.

IMAC Holdings, Inc. (티커: BACK)는 2025년 6월 17일 8-K 보고서를 제출하며 새로운 약속어음을 공시했습니다. 회사는 단일 대출자로부터 현금 215,000달러를 받고 총 원금 301,000달러무담보 약속어음을 발행했으며, 이는 상당한 최초 발행 할인율을 의미합니다. 약속어음의 만기일은 2025년 12월 24일로 약 6개월로 짧아 단기 상환 압박이 예상됩니다. 경영진은 언제든지 위약금 없이 조기 상환할 수 있어 재무적 유연성을 제공합니다. 표준 진술, 계약 조항 및 파산 관련 디폴트 조항이 적용되며, 디폴트 발생 시 대출자는 상환 가속을 요구할 수 있습니다. 담보, 주식 전환 권리 또는 워런트는 공개되지 않았으며, 이 약속어음은 2025년 5월 6일 제출된 양식(첨부문서 4.1)을 참조합니다.

투자자에게 주는 주요 시사점:

  • 추가 차입은 이 소형주 기업의 레버리지를 다소 증가시키지만, 절대 금액은 적습니다.
  • 무담보 구조는 자산 담보를 피하지만, 할인율(원금과 현금 수령액 간 약 29%)은 높은 실질 자본 비용을 나타냅니다.
  • 경영진의 위약금 없는 조기 상환 능력은 현금 흐름이 허락하면 이자 비용을 줄일 수 있습니다.
  • 짧은 만기는 향후 두 분기 내에 재융자 및 상환 위험을 집중시켜, 향후 유동성 업데이트가 중요합니다.

제출서류에는 다른 중요 계약, 재무제표 또는 수익 데이터가 포함되지 않았습니다.

IMAC Holdings, Inc. (symbole : BACK) a déposé un formulaire 8-K le 17 juin 2025, divulguant une nouvelle reconnaissance de dette. La société a émis une reconnaissance de dette non garantie avec un principal total de 301 000 $ en échange de 215 000 $ de liquidités provenant d’un seul prêteur, ce qui implique une décote d’émission importante. La reconnaissance de dette a une date d’échéance courte, au 24 décembre 2025—environ six mois—suggérant une pression de remboursement à court terme. La direction peut rembourser à tout moment sans pénalité, offrant ainsi une flexibilité financière. Les représentations standard, les engagements et les déclencheurs de défaut liés à la faillite s’appliquent ; en cas de défaut, le prêteur peut accélérer le remboursement. Aucune garantie, option de conversion en actions ou bons de souscription n’ont été divulgués, et l’instrument fait référence au formulaire de reconnaissance déjà déposé le 6 mai 2025 (Exhibit 4.1).

Principales implications pour les investisseurs :

  • L’emprunt supplémentaire augmente modestement l’effet de levier de cette société micro-cap, bien que le montant absolu soit faible.
  • La structure non garantie évite de grever les actifs, mais la décote (environ 29 % entre le principal et les liquidités reçues) indique un coût effectif du capital élevé.
  • La capacité de la direction à rembourser anticipativement sans pénalité pourrait réduire les charges d’intérêts si les flux de trésorerie le permettent.
  • La courte durée concentre le risque de refinancement/remboursement dans les deux prochains trimestres, rendant les mises à jour futures sur la liquidité importantes.

Aucun autre accord matériel, état financier ou donnée sur les bénéfices n’a été joint au dépôt.

IMAC Holdings, Inc. (Ticker: BACK) reichte am 17. Juni 2025 ein 8-K ein und gab eine neue Schuldverschreibung bekannt. Das Unternehmen gab eine ungesicherte Schuldverschreibung mit einem Gesamtnennwert von 301.000 $ im Austausch für 215.000 $ Barerlöse von einem einzelnen Kreditgeber heraus, was auf einen erheblichen Emissionsabschlag hinweist. Die Schuldverschreibung hat ein kurzes Fälligkeitsdatum am 24. Dezember 2025—etwa sechs Monate—was auf kurzfristigen Rückzahlungsdruck hindeutet. Das Management kann jederzeit ohne Strafe vorzeitig zurückzahlen, was finanzielle Flexibilität bietet. Es gelten Standardzusicherungen, Covenants und Insolvenz-bedingte Auslösemechanismen; bei Zahlungsverzug kann der Kreditgeber die Rückzahlung beschleunigen. Es wurden keine Sicherheiten, Eigenkapitalumwandlungsrechte oder Warrants offengelegt, und das Instrument verweist auf das zuvor am 6. Mai 2025 eingereichte Notenformular (Anlage 4.1).

Wesentliche Auswirkungen für Investoren:

  • Die zusätzliche Verschuldung erhöht die Hebelwirkung dieses Mikro-Cap-Unternehmens leicht, obwohl der absolute Betrag gering ist.
  • Die ungesicherte Struktur vermeidet die Belastung von Vermögenswerten, aber der Abschlag (≈29 % zwischen Nennwert und erhaltenem Bargeld) weist auf hohe effektive Kapitalkosten hin.
  • Die Möglichkeit des Managements, ohne Strafe vorzeitig zu tilgen, könnte die Zinskosten senken, wenn der Cashflow eine frühzeitige Rückzahlung erlaubt.
  • Die kurze Laufzeit konzentriert das Refinanzierungs- und Rückzahlungsrisiko auf die nächsten zwei Quartale, wodurch zukünftige Liquiditätsupdates wichtig sind.

Dem Einreichungsschreiben lagen keine weiteren wesentlichen Vereinbarungen, Finanzberichte oder Gewinnzahlen bei.

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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): June 17, 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 June 17, 2025, IMAC Holdings, Inc. (the “Company”) issued a promissory note (the “Note”) to a certain lender (the “Lender”) in the aggregate principal amount of $301,000 for an aggregate purchase price from the Lenders of $215,000.

 

The Note is unsecured and matures on December 24, 2025. 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 the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on May 6, 2025 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 May 6, 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: June 18, 2025

 

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

 

 

 

 

FAQ

What financing did IMAC Holdings (BACK) disclose in its June 2025 8-K?

The company issued an unsecured promissory note with a $301,000 principal for $215,000 cash proceeds.

When does the new BACK promissory note mature?

The note matures on 24 December 2025.

Is the IMAC Holdings note secured by company assets?

No. The filing states the note is unsecured, meaning no collateral was pledged.

Can IMAC Holdings prepay the note without penalty?

Yes. The company may prepay any portion at any time without incurring a penalty.

What events could trigger default on the BACK promissory note?

Customary events such as bankruptcy or insolvency would allow the lender to demand immediate repayment.

Where can investors find the full text of the promissory note?

It is filed as Exhibit 4.1 to the company's 8-K dated 6 May 2025 and incorporated by reference in this filing.
Imac Hldgs Inc

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Medical Care Facilities
Services-specialty Outpatient Facilities, Nec
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United States
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