Company: IMG
Filing Date: 2025-07-30
Form Type: 10-K/A
Source: 0001641172-25-021542
Chunk: 122

Company: CIMG Inc.
Filing Date: 2025-07-30
Form: 10-K/A
Chunk 122
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 shares of Common stock                                                                                                                                                                                                               |     | The Transaction was closed on June 7, 2024 and the Company issued an aggregate                                                                                                                                                                                                                                       
 of 866,048 shares of Common stock                                                                                                                                                                                                                                                                                    |
| July                   
 11, 2024               |     | Securities  Purchase                                                                                                  
 Agreement                                                                                                             
 (From 8-K filed July 16, 2024  and From 8-K filed on July 19, 2024)                                                   |     | $3,000,000 for2,040,814                                                                                                                                                                                                              
 shares of Common stock                                                                                                                                                                                                               |     | The Transaction was closed on July 18, 2024 and the                                                                                                                                                                                                                                                                  
 Company issued an aggregate of 2,040,814 shares of Common stock.                                                                                                                                                                                                                                                     |
|                        |     | Issued                                                                                                                
 private placement totals                                                                                              |     | $4,499,999                                                                                                                                                                                                                           
 for 2,906,862 shares                                                                                                                                                                                                                 |     |                                                                                                                                                                                                                                                                                                                      |
| Treasury               
 Stock:                 |     |                                                                                                                       |     |                                                                                                                                                                                                                                      |     |                                                                                                                                                                                                                                                                                                                      |
| September              
 30, 2024               |     | Previously                                                                                                            
 uncancelled stocks                                                                                                    |     | 34,095                                                                                                                                                                                                                               
 shares of Common Stock, $0.00001par                                                                                                                                                                                                  
 value                                                                                                                                                                                                                                |     | As of September 30, 2024, the Company has corrected                                                                                                                                                                                                                                                                  
 the number of treasury shares recorded with the transfer agent to include 34,095 shares of common stock that were not successfully cancelled                                                                                                                                                                         
 prior to September 30, 2023 due to administrative reasons.                                                                                                                                                                                                                                                           |

| F-17 |

Restricted Stock Awards

During the year ended September 30, 2024, the Company did not issue restricted stock awards.

On August 11, 2023, the Compensation Committee
(the “Compensation Committee”) of the Company’s Board of Directors granted to Randell Weaver, the Company’s
newly appointed Chief Financial Officer, in connection with his employment agreement, an award of 6,000 restricted shares (the
“Restricted Shares”) of the Company’s common stock under the 2023 Stock Incentive Plan. These Restricted Shares
vested as follows: (i) 2,000 Restricted Shares shall vest upon the first anniversary of the commencement date;
(ii) 2,000 Restricted Shares shall vest upon the second anniversary of the commencement date; and
(iii)