Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 44

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1A
Chunk 44
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 consequently result in the SEC revoking the registration of our Common Stock, or
the delisting of our Common Stock. Any of these events, if they were to occur, could have a material adverse effect on the market price
of our Common Stock or on our business, financial condition and results of operations.

Anti-takeover
provisions in our third amended and restated bylaws and Nevada law might discourage, delay or prevent a change of control of our company
or changes in our management and, therefore, depress the trading price of our securities.

Our
third amended and restated bylaws contain provisions that could have the effect of rendering more difficult or discouraging an acquisition
deemed undesirable by our Board. Our third amended and restated bylaws include provisions:

    ●
    limiting
    the liability of, and providing indemnification to, our directors, including provisions that require the Company to advance payment
    for defending pending or threatened claims;
  
    ●
    controlling
    the procedures for the conduct and scheduling of board and stockholder meetings; and
  
    ●
    limiting
    the number of directors on our board and the filling of vacancies or newly created seats on the board to our Board then in office.

In
addition, we are subject to anti-takeover laws for Nevada corporations. These anti-takeover laws prevent Nevada corporations from engaging
in a business combination with any shareholder, including all affiliates and associates of the shareholder, who is the beneficial owner
of 10% or more of the corporation’s outstanding voting stock, for two years following the date that the shareholder first became
the beneficial owner of 10% or more of the corporation’s voting stock, unless specified conditions are met. If those conditions
are not met, then after the expiration of the two-year period the corporation may not engage in a business combination with such shareholder
unless certain other conditions are met.

These
provisions, alone or together, could delay hostile takeovers and changes in control or changes in our management. The existence of the
foregoing provisions could limit the price that investors might be willing to pay in the future for shares of our Common Stock. They
could also deter potential acquirers of our company, thereby reducing the likelihood that our stockholders could receive a premium for
their Common Stock in an acquisition.

We
have never paid dividends on our capital stock and we do not anticipate paying any dividends in the foreseeable future. Consequently,
any profits from an investment in our Common Stock will depend