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Imac Holdings ( (BACK) ) has provided an announcement.
On June 3, 2025, IMAC Holdings, Inc. issued a promissory note to a lender for $455,000, with a purchase price of $325,000. The unsecured note, maturing on December 24, 2025, allows for prepayment without penalty and includes standard covenants and default events. On May 30, 2025, Jeffrey Busch resigned from the Board of Directors of IMAC Holdings, effective May 31, 2025, without any disagreements with the company’s operations or policies.
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: 186,733
Technical Sentiment Signal: Sell
Current Market Cap: $151.4K
See more insights into BACK stock on TipRanks’ Stock Analysis page.