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Stock impact report

IMAC Holdings Granted Extension by Nasdaq to Regain Compliance with Listing Rule 5250(c)(1) [Yahoo! Finance]

IMAC Holdings, Inc. (BACK) 
Company Research Source: Yahoo! Finance
an exception from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) to regain compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”). This exception extends the deadline for the Company to file its Quarterly Report on Form 10-Q for the period ended June 30, 2024 (the “Form 10-Q”) until February 17, 2025. The delay in filing is primarily due to complexities in preparing our financial statements for the second quarter as a result of events occurring during the period ended June 30, 2024 and certain staffing challenges, including, among other things: Acquisition of Assets : The acquisition of certain assets and rights from Theralink Technologies, Inc. Securities Exchange : The exchange and issuances of the Company's outstanding Convertible Preferred Stocks and certain warrants. Staff Challenges : Limited staffing and the temporary loss of a key staff member crucial to finalizing our financial statements. We are diligently working to complet Show less Read more
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