imac - IMAC STOCK NEWS

IMAC Holdings announces the acquisition of Fort Pierce Chiropractic effective June 14, 2021, marking its third acquisition in Florida this year. The practice, known for over 30 years of service, was purchased for an undisclosed amount representing approximately 1x trailing twelve months cash flow. This strategic acquisition aims to enhance IMAC's offerings in non-surgical movement and sports medicine. New patient evaluations will commence on June 21, alongside ongoing development to expand IMAC's presence in Florida and the southern U.S.

IMAC Holdings has launched its first retail healthcare center, The Back Space, within a Walmart store in Brentwood, TN. This initiative is part of a ten-location pilot program aimed at enhancing spinal care services, including chiropractic adjustments and soft tissue recovery therapies. Treatments cost $25, with $65 monthly memberships available. The partnership aims to improve accessibility to spinal health for customers, addressing a significant health issue as back pain is a leading cause of disability worldwide. IMAC manages over 15 outpatient clinics focusing on regenerative and orthopedic care.

IMAC Holdings will present a corporate overview at the LD Micro Virtual Invitational Conference from June 8 to 10, 2021. The CEO, Jeffrey Ervin, is scheduled to speak on June 8 at 11:00 am ET during Track 3. Investors interested in attending can register online. IMAC specializes in regenerative orthopedic treatments without surgery or opioids and has over 15 outpatient clinics. The company combines life-science advancements with traditional medical care, focusing on sports and orthopedic injuries.

IMAC Holdings, Inc. (Nasdaq: IMAC) reported significant patient outcomes from its non-surgical, non-opioid regenerative rehabilitation treatments. An internal analysis revealed that approximately 81% of 875 patients showed improvement in mobility, consistent over three years. The study involved patients with musculoskeletal conditions, highlighting improvements in specific areas: 81% for knees, 90% for neck, and 80% for ankles. Patients averaged 72 years old and received treatment over 80.7 days. CEO Jeff Ervin emphasized the effectiveness of their therapies as a viable alternative to surgery.

IMAC Holdings, Inc. (Nasdaq: IMAC, IMACW) has been invited to present at the Summer Solstice - Best Ideas from the Buy Side Conference from June 1 to June 4, 2021. CEO Jeffrey Ervin will present on June 1 at 1:30 PM ET. The presentation will be available for live streaming and replay. Interested parties can schedule one-on-one meetings with the management team during the conference. IMAC specializes in regenerative and rehabilitation orthopedic treatments without surgery or opioids, operating over 15 outpatient clinics.

IMAC Holdings reported Q1 2021 financials, showing total revenue of $3.1 million, an 8% decline from Q1 2020. Net loss stood at $2.0 million, equating to $0.15 per share, compared to a loss of $1.7 million or $0.18 per share last year. Despite COVID-19 impacts, the company achieved a cash position of $15.6 million, up from $2.6 million in 2020, and opened its first location of The Back Space, a subsidiary that provides chiropractic care. IMAC also completed its first clinical trial cohort for stem cell treatment targeting Parkinson's disease.

IMAC Holdings (Nasdaq: IMAC, IMACW) is set to participate in the Benzinga Global Small Cap Conference on May 13, 2021. CEO Jeffrey Ervin will present at 3:30 PM ET, highlighting the company's innovative approach to regenerative and rehabilitation orthopedic treatments that do not rely on surgery or opioids. Investors can also schedule a one-on-one meeting with Mr. Ervin post-conference. IMAC operates over 15 outpatient clinics, focusing on treating sports and orthopedic injuries. More information is available at www.imacregeneration.com.

IMAC Holdings (Nasdaq: IMAC, IMACW) provided a corporate update via a letter from CEO Jeff Ervin. The announcement highlights progress in multiple business areas, including the development of The Back Space, a new retail initiative for spine and neck care, expanding to ten stores, and improving supply chain efficiency. The core business is experiencing fewer COVID-related disruptions, and recent acquisitions in Florida are integrating successfully. IMAC also retired $1.8 million in high-interest debt, strengthening its balance sheet. The first quarter earnings report is due on May 13.

IMAC Holdings has successfully closed the sale of an additional 1,593,750 shares of common stock at a public offering price of $1.60 per share, following the full exercise of the 15% over-allotment option. This brings total shares sold in the offering to 11,818,750 and gross proceeds to $18,910,000. The net proceeds will fund acquisitions, repay promissory notes, launch retail healthcare clinics, and support new treatments. Kingswood Capital Markets managed the offering.