IMAC Holdings enters short-term secured financing agreement

Imac Holdings ( (BACK) ) has provided an update.

On January 15, 2026, IMAC Holdings, Inc. issued a secured promissory note with an aggregate principal amount of $292,600 to a lender in exchange for $209,000 in gross proceeds, with the note maturing on January 31, 2026 and allowing prepayment of principal without penalty. The financing arrangement includes standard representations, warranties, covenants, and default provisions—such as acceleration of the debt in the event of certain bankruptcy or insolvency events—underscoring near‑term liquidity needs and creating short‑dated, secured obligations that could affect the company’s balance-sheet flexibility and creditor protections.

Spark’s Take on BACK Stock

According to Spark, TipRanks’ AI Analyst, BACK is a Underperform.

IMAC Holdings has a low overall stock score due to significant financial challenges, negative valuation metrics, and technical indicators suggesting weak momentum. The risk of Nasdaq delisting further exacerbates the company’s precarious position. The lack of earnings call data limits further insights into potential strategic actions or improvements.

To see Spark’s full report on BACK stock, click here.

More about Imac Holdings

Average Trading Volume: 39,990

Technical Sentiment Signal: Sell

Current Market Cap: $450.4K

Learn more about BACK stock on TipRanks’ Stock Analysis page.