IMAC Surrenders Ignite Assets; Proposed $35 Million Sale to Aditxt and $36 Million Financing — TradingView News
Publish Date: 2026-03-19 16:03:00
Source Domain: www.tradingview.com
IMAC Holdings entered into two related agreements on March 11, 2026 tied to the disposition of Ignite Proteomics. First, it executed a Turnover and Release Agreement, surrendering 100% of Ignite and related assets to the collateral agent in full satisfaction of defaulted senior secured notes, with a proposed sale to Aditxt valued at least at $35 million. Second, IMAC joined a Securities Purchase Agreement under which Aditxt issued $36 million of Series A-2 preferred stock to investors, to be satisfied by transferring rights and title to the Ignite assets, potentially with cash. Together, the transactions aim to settle IMAC’s secured obligations and advance the planned asset transfer.
Agreement 1: IMAC Surrenders Ignite Assets to Satisfy Notes; Proposed $35 Million Sale to Aditxt
- Agreement type: Voluntary Turnover, Retention in Satisfaction and Release Agreement for Ignite assets
- Counterparty: Cavalry Fund I SPV I, as Collateral Agent, and Noteholders
- Signed / Effective: Mar 11 2026 / same
- Duration / Termination: At will
- Reason: Settle defaulted secured notes and facilitate asset sale
Agreement 2: IMAC Enters SPA as Aditxt Issues $36 Million Series A-2 Preferred to Enable Asset Transfer
- Agreement type: Securities Purchase Agreement for Series A-2 convertible preferred stock
- Counterparty: Aditxt and several investors
- Signed / Effective: Mar 11 2026 / same
- Duration / Termination: At will
- Reason: Facilitate transfer and sale of Ignite assets
Original SEC Filing: IMAC Holdings, Inc. [ BACK ] – 8-K – Mar. 19, 2026
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