Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 556

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 4
Chunk 556
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 ideal for daily nutritional use.

    ●
    Maca
    Wine – a unique beverage that combines traditional wine with the nourishing properties of maca.

We
currently distribute our products through wholesale channels, supplying grocery stores, convenience stores, and vending machine operators.
Looking ahead, we plan to expand into retail services and leverage digital technologies to optimize marketing strategies and diversify
our sales models. Our distribution network already spans both online platforms and offline points of sale.

Our
commitment extends beyond product quality and health benefits—we also focus on enhancing the packaging experience. Each design
is crafted to resonate with professionals across various industries, making our products more personalized, youthful, and distinctive.
For example, Maca-Noni represents a new entry into the functional beverage market, blending health-forward branding with innovative design.

Our
customer base includes wholesale distributors such as grocery stores, convenience stores, and vending machine providers.

Nasdaq
Listing Deficiency

The
Company received a notification letter from NASDAQ on January 23, 2024 (the “NASDAQ Notification Letter”), indicating that
the Company was not in compliance with NASDAQ Listing Rule 5550(b)(1) (the “Stockholders’ Equity Requirement”). The
NASDAQ Notification Letter stated that the Company failed to maintain a minimum of $2,500,000 in stockholders’ equity for continued
listing, as required by the Stockholders’ Equity Requirement.

Subsequently,
the Company completed a convertible note financing of $320,000 on April 27, 2024, an equity financing of $1,500,000 on June 4, 2024,
and an equity financing of $3,000,000 on July 11, 2024. On July 23, 2024, the Company received a letter from NASDAQ stating that based
on the Company’s Form 8-K, filed with the Commission on July 19, 2024, NASDAQ has determined that the Company has complied with
Listing Rule 5550(b)(1).

On
January 14, 2025, the Company received a notification letter (the “Minimum Bid Price Notice”) from the Listing Qualifications
Department of The Nasdaq Stock Market LLC indicating that the Company is not in compliance with the minimum bid price requirement for
continued listing set forth in Nasdaq Listing Rule 5550(a)(2). Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain
a minimum bid price of $1.00 per share