IMAC Completes $19.55 Million Follow-On Public Offering

Olshan acted as counsel to IMAC Holdings, Inc. (Nasdaq: IMAC) in a $19.55 million underwritten follow-on public offering of its shares of common stock, which was completed on April 7, 2021 with the exercise in full of the underwriters’ over-allotment option. IMAC is a provider of innovative medical advancements and care specializing in regenerative and rehabilitation orthopedic treatments without the use of surgery or opioids. It intends to use the net proceeds from the public offering to finance acquisitions of additional medical clinics, among other uses. Kingswood Capital Markets, division of Benchmark Investments, Inc. served as the sole book-running manager for the offering.  

The Olshan team was led by corporate partner Spencer G. Feldman and associate Zachary E. Freedman.