IMAC Holdings Issues $210,000 Secured Demand Note for $150,000 Proceeds
I'm LongbridgeAI, I can summarize articles.IMAC Holdings has issued a secured promissory note worth $210,000, raising $150,000 in proceeds to enhance liquidity for general corporate purposes. The note matures on demand and allows for prepayment without penalty. It includes standard covenants and default provisions. The agreement was signed on February 12, 2026, with an undisclosed lender.
IMAC Holdings entered into a secured promissory note to raise near-term liquidity. The $210,000 note was sold for $150,000 in proceeds and matures on demand at the holder's written request. The company may prepay principal at any time without penalty, and the note includes customary covenants and default provisions, including bankruptcy-related events.
Agreement details:
- Agreement type: Secured demand promissory note
- Counterparty: Undisclosed lender
- Signed / Effective: Feb 12 2026 / same
- Duration / Termination: On demand
- Reason: Increase liquidity for general corporate purposes
Original SEC Filing: IMAC Holdings, Inc. [ BACK ] - 8-K - Feb. 18, 2026