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IMAC Holdings, Inc.

corporate_fare Company Profile

IMAC Holdings, Inc.

BACK·OTC·Healthcare·CIK 0001729944

Ignite Proteomics LLC provides services related to proteomic products that identify and support oncology clinical treatment decisions and biopharmaceutical drug development. Until recently, the company was a holding company for IMAC Regeneration Centers and The BackSpace retail stores, providing movement and orthopedic therapies and minimally invasive procedures. As of December 31, 2023, the company sold or discontinued patient care at all its locations. In May 2024, the company acquired certain assets and rights of Theralink Technologies, Inc., including a nationally CLIA-certified, CAP-accredited, and New York State Clinical Laboratory Evaluation Program (NYS-CLEP) certified laboratory in Golden, Colorado, and equipment located in the lab. Theralink was developing technology to monetize a license from Vanderbilt University, which provided a predictor of response to immunotherapy in cancer, and a license for business in the United States from George Mason University, which included intellectual property around improvements to the technology platform and biomarker signatures for future proteomics products. The company has entered into agreements with Vanderbilt and George Mason University to transfer these licenses. On May 30, 2024, the company formed a wholly-owned subsidiary, Ignite Proteomics LLC, to operate the medical lab, deliver services related to proteomic products under the licenses, and collect fees. The company uses the acquired assets under its own branding, the Ignite name. Ignite has obtained credentials to bill Medicare for reimbursement for its Ignite proteomics test and is in the process of obtaining credentials for reimbursement by certain other third-party payors. The company also accepts payment from private insurers.

IMAC Holdings, Inc. (OTC:BACK) is a publicly traded company in the Healthcare sector. Wiseek monitors BACK SEC EDGAR filings and licensed market news in real time, scoring each submission for market-moving significance on a 1–10 scale. Items rated 7 or higher generate instant alerts.

Recent high-impact activity:

  • IMAC Holdings Divests Ignite Proteomics Subsidiary to Satisfy Senior Secured Notes
  • IMAC Holdings Secures Another Distressed Demand Note for $125K Cash, Continuing Pattern of High-Cost Financing
  • IMAC Holdings Secures $150K Loan with $210K Principal, Signaling Deep Financial Distress
  • IMAC Holdings Secures Another High-Cost, Ultra-Short-Term Loan Amidst Severe Liquidity Crisis
  • IMAC Holdings Secures $209K Loan with $292K Principal Due in 16 Days, Signaling Severe Distress

Financial Snapshot

Fiscal year ended December 31, 2024
Revenue
$72.05K
Net Income
-$9.05M
Diluted EPS
-$7.76
Op. Cash Flow
-$3.16M
Gross Profit
-$233.2K
Operating Income
-$5.62M
Cash & Equivalents
$504.19K
Debt / Equity
0.00×
Net Margin
-125.55×
Shares Outstanding
2.03M sh
Source: 10-K · filed 2025-06-30 · accession 0001641172-25-017216
Browse all tickers starting with B →
$0.04
52-week range · as of 2026-03-19 $0.025 – $0.63
Market cap
$151.4K
Volume
299 (0.0× avg)
3-mo avg 8.4K
Live data · 2026-06-14 06:06 UTC · Market closed

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feed BACK - Latest Insights

BACK
Mar 19, 2026, 4:00 PM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $0.0562
Real-time Price: $0.040 info
Change: -$0.0162 (-29%) info
Market Cap: $151.399K info
BACK
Feb 27, 2026, 4:00 PM EST
Filing Type: 8-K
Importance Score:
9
Price at Filing: $0.060
Real-time Price: $0.040 info
Change: -$0.020 (-33%) info
Market Cap: $151.399K info
BACK
Feb 18, 2026, 8:19 AM EST
Filing Type: 8-K
Importance Score:
9
Price at Filing: $0.0649
Real-time Price: $0.040 info
Change: -$0.0249 (-38%) info
Market Cap: $151.399K info
BACK
Jan 30, 2026, 4:37 PM EST
Filing Type: 8-K
Importance Score:
9
Price at Filing: $0.080
Real-time Price: $0.040 info
Change: -$0.040 (-50%) info
Market Cap: $151.399K info
BACK
Jan 16, 2026, 4:00 PM EST
Filing Type: 8-K
Importance Score:
9
Price at Filing: $0.100
Real-time Price: $0.040 info
Change: -$0.060 (-60%) info
Market Cap: $151.399K info