IMAC Holdings, Inc. 8-K

What Happened IMAC Holdings, Inc. filed a Form 8-K (Feb 18, 2026) disclosing that on February 12, 2026 the company issued a secured promissory note to a lender. The note has an aggregate principal amount of $210,000 and was issued for an aggregate purchase price (cash proceeds) of $150,000. The note matures on the date the holder demands payment in writing and may be prepaid by the company at any time without penalty. A form of the promissory note is filed as Exhibit 4.1 to the 8-K.

Key Details

• Principal amount: $210,000 (face value of the promissory note).
• Cash proceeds: $150,000 (aggregate purchase price paid by the lender).
• Maturity: demand note — the holder can require payment by written demand; company can prepay at any time without penalty.
• Terms: note is secured, contains customary representations, warranties and covenants, and includes events of default (including certain bankruptcy/insolvency events) that can accelerate repayment.

Why It Matters This filing creates a new, material debt obligation for IMAC — the company received $150,000 in cash but now has a $210,000 principal liability outstanding. The demand-maturity feature means the lender could require immediate repayment, which could affect IMAC’s near-term liquidity if a demand is made. Because the note is secured, company assets may be subject to claims if defaults occur. Investors should note the added leverage and watch for any future disclosures about payments, amendments, or additional financing that could affect the company’s financial position.