IMAC Holdings, Inc. announced that it has entered into a private placement of senior unsecured promissory notes in an aggregate principal amount of $1,400,000 for an aggregate purchase price from the Lenders of $1,000,000 on June 18, 2024. The transaction included participation from new lenders, Keystone Capital Partners LLC for a purchase price of $150,000 and principal amount of $210,000, Seven Knots, LLC for a purchase price of $100,000 and principal amount of $140,000, Worth Venture Partners, LLC for a purchase price of $87,500 and principal amount of $122,500, Ashton Capital Corporation for a purchase price of $350,000 and principal amount of $490,000, returning lenders Lincoln Park Capital Fund, LLC, a fund managed by Lincoln Park Capital, LLC for a purchase price of $50,000 and principal amount of $70,000 and Cavalry Fund I L.P., a fund managed by Cavalry Fund I Management, LLC for a purchase price of $262,500 and principal amount of $367,500. The note is payable on or before April 29, 2022.

The company will issue the note at discount of $400,000. No interest shall accrue on the unpaid Principal balance of this Note. The Notes are unsecured and mature on the earlier of the date of consummation of the offering contemplated by the Registration Statement on Form S-1, File No.

333-280184, filed with the Securities and Exchange Commission by the Company on June 13, 2024, and June 18, 2025. The Company may prepay any portion of the outstanding Principal at any time without penalty.