IMAC Holdings (OTC: BACK) adds $292,600 secured short-term debt

Rhea-AI Filing Summary

IMAC Holdings, Inc. disclosed that on January 15, 2026 it issued a secured promissory note to a lender with an aggregate principal amount of $292,600 for an aggregate purchase price of $209,000. The note is secured by company assets, carries customary representations, warranties and covenants, and includes standard events of default, including specified bankruptcy or insolvency events, after which the principal may be declared immediately due and payable. The note matures on January 31, 2026, and the company may prepay any portion of the outstanding principal at any time without penalty.

Insights

Corporate finance analyst

IMAC takes on a small, secured, short-term note at a discount.

IMAC Holdings entered into a secured promissory note with a principal of $292,600 for a purchase price of $209,000. This structure indicates discounted funding, meaning the company receives less cash than the amount it must ultimately repay, which is typical for higher-risk or short-term financings.

The note is secured and includes customary covenants and events of default, including certain bankruptcy or insolvency triggers for immediate repayment. It matures on January 31, 2026, giving the company only a short window before repayment, although the ability to prepay without penalty provides flexibility if cash becomes available sooner.

Because this is a relatively modest-sized borrowing and there is no additional context on broader capital needs in the excerpt, the direct impact appears limited and primarily reflects short-term liquidity management through secured debt.

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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 15, 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 15, 2026, IMAC Holdings, Inc. (the “Company”) issued a promissory note (the “Note”) to a certain lender (the “Lender”) in the aggregate principal amount of $292,600 for an aggregate purchase price from the Lenders of $209,000.

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 16, 2026

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

FAQ

What did IMAC Holdings (BACK) disclose in its latest 8-K?

IMAC Holdings disclosed that it issued a secured promissory note to a lender with an aggregate principal amount of $292,600 for a purchase price of $209,000, creating a direct financial obligation.

How large is the new promissory note IMAC Holdings issued?

The promissory note issued by IMAC Holdings has an aggregate principal amount of $292,600, with an aggregate purchase price paid by the lender of $209,000.

When does IMAC Holdings new promissory note mature?

The secured promissory note issued by IMAC Holdings matures on January 31, 2026, at which time the outstanding principal becomes due unless repaid earlier.

Can IMAC Holdings prepay the promissory note without penalty?

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

Is the IMAC Holdings promissory note secured and what happens on default?

The note is secured and includes customary events of default, including certain bankruptcy or insolvency events, after which the outstanding principal may be declared immediately due and payable.

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

The full terms are set out in the form of promissory note filed as Exhibit 4.1, which is incorporated by reference from a prior SEC filing.