IMAC Holdings enters $245,000 secured promissory note financing

IMAC Holdings, Inc. entered into a secured promissory note with a lender, providing for aggregate principal of $245,000 in exchange for an aggregate purchase price of $175,000.

Rhea-AI Filing Summary

IMAC Holdings, Inc. entered into a secured promissory note with a lender, providing for aggregate principal of $245,000 in exchange for an aggregate purchase price of $175,000.

The note, issued on November 25, 2025, matures on February 13, 2026, and may be prepaid in whole or in part at any time without penalty. It includes customary representations, warranties, covenants, and events of default, including specified bankruptcy or insolvency events that could cause all outstanding principal to become immediately due and payable.

The company describes this debt arrangement as a material definitive agreement and has filed the form of the note as an exhibit by reference.

Insights

Capital structure and credit analyst

IMAC adds short-term secured funding via a discounted $245,000 note.

IMAC Holdings has taken on a secured promissory note with principal of $245,000 for a purchase price of $175,000, indicating the use of a discount rather than full cash funding at par. This increases short-term leverage while providing immediate liquidity.

The note is secured and matures on February 13, 2026, creating a near-term repayment obligation that must be managed alongside other commitments. Prepayment without penalty gives the company flexibility if cash flows allow early reduction of this debt.

Customary covenants and events of default, including bankruptcy or insolvency triggers, are standard but underscore that a payment failure or distress event could cause the full principal to become immediately due. Subsequent filings may give more detail on how this obligation fits within IMAC’s broader financing plans.

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 did IMAC Holdings, Inc. (BACK) announce in this 8-K?

IMAC Holdings, Inc. disclosed that it entered into a material definitive agreement by issuing a secured promissory note to a lender, creating a new direct financial obligation.

What is the size of the new promissory note IMAC Holdings (BACK) issued?

The company issued a promissory note with an aggregate principal amount of $245,000 for an aggregate purchase price from the lender of $175,000.

When does the IMAC Holdings (BACK) promissory note mature?

The secured promissory note matures on February 13, 2026, at which time the remaining outstanding principal is due unless repaid earlier.

Can IMAC Holdings (BACK) prepay the new promissory note?

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

What happens if IMAC Holdings (BACK) defaults on the promissory note?

The note 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 the IMAC Holdings (BACK) note?

The form of the promissory note is filed as Exhibit 4.1, incorporated by reference from a prior company filing with the SEC.

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

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Accepted by SEC EDGAR 12/01/2025 - 04:00 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 25, 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 25, 2025, IMAC Holdings, Inc. (the “Company”) issued a promissory note (the “Note”) to a certain lender (the “Lender”) in the aggregate principal amount of $245,000 for an aggregate purchase price from the Lenders of $175,000.

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 1, 2025

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