IMAC Holdings, Inc. (BACK) — Current Report

AI-Powered SEC Filing Analysis

Latest Current Report Filed: 2026-03-19

Key Insights

IMAC Holdings is defaulting on its senior secured notes and voluntarily turning over its Ignite Proteomics subsidiary and related assets to the collateral agent and noteholders in full satisfaction of the debt obligations.
IMAC has entered into a securities purchase agreement with Aditxt, Inc. (ADTX) to sell the Ignite Assets for at least $35 million, with the proceeds used to satisfy the notes.
The transaction includes provisions for mutual release of claims and piggyback registration rights for the new Series A-2 convertible preferred stock issued by ADTX.

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Earlier Current Report filings

Filed: 2026-02-27

IMAC Holdings, Inc. issued a $175,000 promissory note with a purchase price of $125,000, indicating the company may be seeking additional financing.
The note includes customary representations, warranties, and covenants, as well as events of default that could lead to the outstanding principal becoming immediately due and payable.
The filing does not provide details on the intended use of the proceeds from the note, which would be helpful for investors to understand the company's financial position and plans.

Filed: 2026-02-18

IMAC Holdings, Inc. has obtained a new secured promissory note in the amount of $210,000, with a purchase price of $150,000, indicating the company may be seeking additional financing.
The note includes customary representations, warranties, and covenants, as well as events of default that could result in the outstanding principal becoming immediately due and payable.
Investors should monitor the company's financial position and ability to service this new debt obligation, as it could impact the overall financial health and stability of IMAC Holdings.

Filed: 2026-01-30

IMAC Holdings, Inc. (BACK) has entered into a new $222,600 secured promissory note with a lender, providing additional capital for the company.
The note matures on January 31, 2026 and allows for prepayment without penalty, indicating flexibility in the company's financing.
The filing includes customary representations, warranties, and covenants, as well as provisions around events of default, providing transparency around the terms of the agreement.

Filed: 2026-01-16

IMAC Holdings, Inc. issued a $292,600 secured promissory note with a maturity date of January 31, 2026, indicating the company may be seeking additional financing.
The note includes customary representations, warranties, and covenants, as well as events of default that could lead to the outstanding principal becoming immediately due and payable.
The company's ability to repay the note on time and avoid default events will be important to monitor, as it could impact the company's financial stability and access to future financing.

Filed: 2025-12-30

IMAC Holdings, Inc. (BACK) has entered into a Securities Purchase Agreement to raise $7.53 million through the issuance of senior secured notes to a group of investors, including Cavalry Fund I SPV I LP, C/M Capital Master Fund LP, and Cavalry Fund I LP.
The notes do not bear interest unless an Event of Default occurs, in which case the interest rate is 14% per annum, and they mature on January 31, 2026.
IMAC Holdings has granted the investors a first-priority security interest in substantially all of its assets, including accounts, equipment, intellectual property, and equity interests in subsidiaries, as collateral for the notes.

Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.