IMAC Holdings Issues Promissory Note Amid Board Changes

Imac Holdings ( (BACK) ) has issued an announcement.

On September 16, 2025, IMAC Holdings, Inc. issued an unsecured promissory note to a lender for $179,375, with a purchase price of $128,125, maturing on December 24, 2025. The note allows for prepayment without penalty and includes standard representations and covenants, with specific events of default outlined. On September 12, 2025, Michael D. Pruitt resigned from the Board of Directors of IMAC Holdings, Inc., with no disagreements cited. The company will not immediately fill his board position but will reassign his committee roles to existing directors to maintain governance standards.

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: 15,118

Technical Sentiment Signal: Sell

Current Market Cap: $308.1K

See more insights into BACK stock on TipRanks’ Stock Analysis page.