IMAC Holdings (BACK) issues $247,800 secured note due Feb 2026

Rhea-AI Filing Summary

IMAC Holdings, Inc. entered into a new secured promissory note on December 11, 2025, creating a direct financial obligation. The note has an aggregate principal amount of $247,800 for an aggregate purchase price from the lenders of $177,000, providing short-term funding on a discounted basis.

The note is secured and matures on February 13, 2026, giving the company a defined near-term repayment date while allowing it to prepay any portion of the outstanding principal at any time without penalty. It includes customary representations, warranties, covenants, and events of default, including bankruptcy or insolvency events that could cause the full principal to become immediately due and payable.

Insights

Credit and capital structure analyst

IMAC adds a small, secured, short-term note with flexible prepayment.

IMAC Holdings, Inc. has issued a secured promissory note with an aggregate principal amount of $247,800 for an aggregate purchase price from the lenders of $177,000. This structure suggests near-term funding with an implied discount between proceeds and principal, typical of short-term financing arrangements.

The note is secured and matures on February 13, 2026, creating a clear, relatively near-term repayment obligation. The ability to prepay any portion of principal at any time without penalty gives the company flexibility to reduce this debt early if resources allow.

The agreement includes customary covenants and events of default, including certain bankruptcy or insolvency events that could make the outstanding principal immediately due and payable. The overall impact on the company’s financial position will depend on how this additional short-term secured debt interacts with its existing liquidity and obligations, which are not detailed in this excerpt.

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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): December 11, 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 December 11, 2025, IMAC Holdings, Inc. (the “Company”) issued a promissory note (the “Note”) to a certain lender (the “Lender”) in the aggregate principal amount of $247,800 for an aggregate purchase price from the Lenders of $177,000.

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 (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: December 16, 2025

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

FAQ

What financing did IMAC Holdings (BACK) enter into on December 11, 2025?

On December 11, 2025, IMAC Holdings, Inc. issued a secured promissory note in the aggregate principal amount of $247,800 to a lender.

How much funding does the new IMAC Holdings promissory note represent in purchase price?

The promissory note has an aggregate principal amount of $247,800 for an aggregate purchase price from the lenders of $177,000.

When does the new IMAC Holdings promissory note mature?

The note matures on February 13, 2026, making it a short-term obligation for IMAC Holdings.

Can IMAC Holdings prepay the promissory note without penalty?

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

Is the IMAC Holdings promissory note secured, and what are the default terms?

Yes, the note is secured and includes customary representations, warranties, and covenants, with events of default that allow the principal to be declared immediately due and payable, including certain bankruptcy or insolvency events involving the company.

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

The full form of the promissory note is filed as Exhibit 4.1, which is incorporated by reference from a prior company filing dated November 20, 2025.