IMAC Holdings, Inc announced it has entered into securities purchase agreement to issue 1,276 shares of Series C-2 convertible preferred stock, par value $0.001 per share and warrants for a aggregate proceeds of $900,000 on April 10, 2024. The transaction included participation from new and existing investors, Walleye Opportunities Master Fund Ltd, KIPS BAY SELECT, Lincoln Park Capital Fund, LLC, WVP Emerging Manager Onshore Fund LLC ? Structured Small Lending Series, Cavalry Fund I LP, Ashton Capital Corporation, District 2 Capital Fund LP, Jeffrey M. Busch and Richard Molinsky.

Dividends on the Series C Preferred Stock equal to 10% per annum. Each holder of Series C Preferred Stock may convert all, or any part, of their outstanding Series C Preferred Stock, at any time at such holder?s option, into shares of Common Stock (which converted shares of Common Stock are referred to as ?Conversion Shares? herein) based on the fixed ?Conversion Price?

of $2.561. The Warrants, collectively, are initially exercisable into 498,243 shares of Common Stock. The PIPE Warrants have an exercise price of $2.561 per share, subject to customary adjustments, will become exercisable on October 12, 2024, and expire on October 12, 2029.

The PIPE Securities were offered and sold pursuant to Section 4(a)(2) of the Act and Rule 506(b) of Regulation D promulgated thereunder.