IMAC Holdings Inc. has entered into a new financing agreement by issuing a promissory note to a lender for a principal amount of $84,000, with a purchase price of $60,000, on July 16, 2025. The unsecured note is set to mature on December 24, 2025, with the company having the option to prepay any portion of the outstanding principal without incurring penalties. The agreement includes standard representations, warranties, and covenants, and outlines events of default that could trigger the immediate repayment of the principal, particularly in cases of bankruptcy or insolvency. This agreement is detailed in a Form 8-K filed with the SEC.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.