Company: IMG
Filing Date: 2025-07-02
Form Type: 8-K
Source: 0001641172-25-017560
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Company: CIMG Inc.
Filing Date: 2025-07-02
Form: 8-K
Item: Item 3.01
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Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

Nasdaq
Delist Determination Letter

On
June 27, 2025, CIMG Inc. (Nasdaq: IMG) (the “ Company”) received a delist determination letter from Nasdaq (“ Nasdaq
Delist Determination Letter”).

On
January 13, 2025, February 19, 2025 and May 19, 2025, Nasdaq notified the Company that it did not comply with Nasdaq’s filing requirements
set forth in Listing Rule 5250(c)(1) (the “ Rule”) because it had not filed its Form 10-K for the year ended September 30,
2024 (the “ Initial Delinquent Filing”), and its Forms 10-Q for the periods ended December 31, 2024, and March 31, 2025 (the
“ Forms 10-Q”), respectively.

As
previously disclosed, Nasdaq had granted the Company an exception until June 13, 2025 to file the Initial Delinquent Filing and until
July 14, 2025 to file the Forms 10-Q to regain compliance with the Rule. As of the date of receiving the Nasdaq Delist Determination
Letter, the Company has not filed its Initial Delinquent Filing. Therefore, Nasdaq determined that the Company did not meet the terms
of the exception and sent the Nasdaq Delist Determination Letter to the Company on June 27, 2025.

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 the opening of business on July 9, 2025, and Nasdaq
will file a Form 25-NSE with the Securities and Exchange Commission (the “ SEC”) to remove the Company’s securities
from listing and registration on The Nasdaq Stock Market.

Additionally,
on January 23, 2024, Nasdaq notified the Company that it did not comply with the minimum $2,500,000 stockholders’ equity requirement
for continued listing under Listing Rule 5550(b). On July 19, 2024, the Company filed a Form 8-K stating that, as a result of improved
operational performance, it