IMAC Holdings Inc. has entered into a new financing agreement by issuing a promissory note to a lender with a principal amount of $198,800 for a purchase price of $142,000. The unsecured note, which matures on December 24, 2025, allows IMAC Holdings to prepay the outstanding principal without any penalty. The agreement includes standard representations, warranties, and covenants, and outlines events of default, such as bankruptcy or insolvency, that could make the principal immediately due. This financial move is documented in the company's recent SEC filing.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IMAC Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-018830), on July 14, 2025, and is solely responsible for the information contained therein.