IMAC Holdings Inc. has entered into a new financing agreement, issuing a promissory note to a lender for a principal amount of $128,800 with an aggregate purchase price of $92,000. The unsecured note, issued on June 27, 2025, is set to mature on December 24, 2025, and allows for prepayment of the outstanding principal at any time without penalty. The agreement includes standard representations and covenants, and outlines events of default, such as bankruptcy or insolvency, that could trigger immediate payment of the principal. This development is part of IMAC Holdings' strategic financial management efforts.
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: 0001641172-25-017235), on July 01, 2025, and is solely responsible for the information contained therein.