IMAC Holdings Inc. announced on May 29, 2025, that it has entered into a new financing agreement by issuing a promissory note to a lender. The note, valued at a principal amount of $82,600, was acquired for an aggregate purchase price of $59,000. This unsecured note is set to mature on December 24, 2025, and allows the company to prepay any portion of the outstanding principal without incurring penalties. The agreement includes standard representations, warranties, covenants, and specifies certain events of default, particularly related to bankruptcy or insolvency, which could lead to the principal being immediately due. The details of the promissory note are documented in the company's Current Report on Form 8-K filed with the SEC.
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