IMAC Holdings issues $296,800 promissory note
IMAC Holdings, Inc. entered into a new financing arrangement by issuing an unsecured promissory note with a principal amount of $296,800 to a lender on September 26, 2025.
Rhea-AI Filing Summary
IMAC Holdings, Inc. entered into a new financing arrangement by issuing an unsecured promissory note with a principal amount of $296,800 to a lender on September 26, 2025. The company received an aggregate purchase price of $212,000 from the lender, indicating the note was issued at a discount to its face value.
The note matures on December 24, 2025, and IMAC may prepay any portion of the outstanding principal at any time without penalty, giving the company flexibility to reduce this obligation early. The agreement 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.
Positive
- None.
Negative
- None.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What financing transaction did IMAC Holdings (BACK) disclose in this 8-K?
When does IMAC Holdings $296,800 promissory note mature?
Is the IMAC Holdings (BACK) promissory note secured or unsecured?
Can IMAC Holdings (BACK) prepay the promissory note without penalty?
What events can trigger default on IMAC Holdings promissory note?
Where can investors find the full terms of IMAC Holdings (BACK) promissory note?
AI-generated analysis. How Rhea-AI works. Not financial advice.