Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 557

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 4
Chunk 557
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, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement
exists if the deficiency continues for a period of 30 consecutive business days. The Minimum Bid Price Notice has no immediate effect
on the listing of the Company’s Common Stock, which continues to trade on The Nasdaq Capital Market under the symbol “IMG.”
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of the Minimum Bid Price Notice,
or until July 14, 2025, to regain compliance. If at any time before July 14, 2025 the closing bid price of the Common Stock closes at
or above $1.00 per share for a minimum of 10 consecutive business days, NASDAQ will provide written notification that the Company has
achieved compliance with the minimum bid price requirement, and the matter will be resolved. If the Company does not regain compliance
during the compliance period ending July 14, 2025, then NASDAQ may in its discretion determine to grant the Company an additional 180
calendar day period to regain compliance, provided that the Company on July 14, 2025 meets the continued listing requirement for market
value of publicly held shares and all other applicable initial listing standards for The Nasdaq Capital Market, with the exception of
the minimum bid price requirement, and will need to provide NASDAQ written notice of its intent to cure the deficiency during the second
compliance period.

53

On
January 17, 2025, the Company received another notice (the “Annual Report Notice”) from NASDAQ indicating that the Company
is not in compliance with Nasdaq Listing Rule 5250(c)(1) because the Company did not timely file its Annual Report on Form 10-K for the
period ended September 30, 2024 with the SEC. The Annual Report Notice has no immediate effect on the listing of the Company’s
stock on Nasdaq, and it states that the Company is required to submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1)
within 60 calendar days from the date of the Annual Report Notice. If the plan is accepted by Nasdaq, then Nasdaq can grant the Company
up to 180 calendar days from the due date of the Form 10-K for the fiscal year ended September 30, 2025 to regain compliance. In determining
whether to accept such plan,