Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 642

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 5
Chunk 642
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, the reasons for the late
filing, other corporate events that may occur within our review period, the Company’s overall financial condition and its public
disclosures. Any subsequent periodic filing that is due within the 180-day exception period must be filed no later than the end of the
period.

On
February 19, 2025, the Company received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC
indicating that the Company is not in compliance with Listing Rule 5250(c)(1) because the Company did not timely file its quarterly report
on Form 10-Q for the period ended December 31, 2024 with the SEC.

We
have submitted a Nasdaq compliance plan to Nasdaq on March 18, 2025 and Nasdaq grant the Company extension to (i) file the Form 10-K
for the period ended September 30, 2024 on or before June 13, 2025; and (ii) file the Form 10-Q for the period ended December 31, 2024
on or before July 14, 2025.

On
May 19, 2025, the Company received a notice (the “Quarterly Report Notice”) from NASDAQ indicating that the Company was not
in compliance with Nasdaq Listing Rule 5250(c)(1) because the Company did not timely file its Quarterly Report on Form 10-Q for the period
ended March 31, 2025 with the Securities and Exchange Commission. The Quarterly Report Notice has no immediate effect on the listing
of the Company’s stock on Nasdaq.

As
a result of this additional delinquency of the Form 10-Q for the period ended March 31, 2025, the Company submitted an update to its
original plan to regain compliance with respect to the filing requirement on June 3, 2025.

On June 13, 2025, the Company
did not manage to file its Form 10-K for the year ended September 30, 2024 and received a delist determination letter from the Listing
Qualifications Department of The Nasdaq Stock Market LLC on June 27, 2025 (“Nasdaq Delist Determination Letter”). According
to the Nasdaq Delist Determination Letter, unless the Company requests an appeal of this determination by July 7, 2025, trading of the
Company’s common stock will be suspended from The Nasdaq Capital Market at