IMAC Holdings Inc. has entered into a new financing agreement, issuing a promissory note to a lender with a principal amount of $30,800. The note was purchased by the lender for $22,000 and is set to mature on December 24, 2025. This unsecured note allows IMAC Holdings the flexibility to prepay the outstanding principal without any penalties. The agreement includes standard representations, warranties, and covenants, and outlines specific events leading to default, such as bankruptcy or insolvency, which could make the principal immediately due. Further details can be found in the company's Form 8-K filed with the SEC.
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