IMAC Holdings Inc. has entered into a new financing agreement, issuing a promissory note to a lender on August 19, 2025. The note amounts to $296,800, with a purchase price of $212,000. This unsecured note is set to mature on December 24, 2025, allowing IMAC Holdings the flexibility to prepay any portion of the principal without incurring penalties. The agreement includes standard representations, warranties, covenants, and outlines specific events of default, which could lead to the immediate demand for repayment of the principal. This strategic financial move is part of IMAC Holdings' ongoing efforts to manage its capital and financial obligations effectively.
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: 0001641172-25-024816), on August 19, 2025, and is solely responsible for the information contained therein.