IMAC Holdings, Inc. 8-K

What Happened
IMAC Holdings, Inc. (BACK) filed an 8-K on February 27, 2026 reporting it entered into a material financing agreement and created a new direct financial obligation. On February 26, 2026 the Company issued a secured promissory note to a lender with an aggregate principal amount of $175,000, for which the lenders paid an aggregate purchase price of $125,000. The Note is demand‑matured (payable when the holder makes a written demand) and may be prepaid by the Company at any time without penalty. The Note includes customary representations, warranties, covenants and events of default, including bankruptcy/insolvency triggers.

Key Details

• Date issued: February 26, 2026; 8-K filed February 27, 2026.
• Principal amount: $175,000; cash proceeds (purchase price): $125,000.
• Security & maturity: Note is secured and matures on the date the holder demands payment in writing (demand note).
• Other terms: Company may prepay without penalty; Note contains customary covenants and events of default (including bankruptcy/insolvency). Full form of the Note is incorporated by reference as Exhibit 4.1.

Why It Matters
This filing documents a new debt obligation on the company’s balance sheet—a $175,000 principal liability backed by security, funded with $125,000 in cash proceeds. Because the Note is payable on demand, the lender can require immediate repayment by written demand, which is a liquidity term investors should note. Review the full Note (Exhibit 4.1) for covenant and default details to assess potential effects on IMAC’s liquidity and capital structure.