Company: IMG
Filing Date: 2025-01-21
Form Type: 8-K
Source: 0001493152-25-003038
Chunk: 1

Company: CIMG Inc.
Filing Date: 2025-01-21
Form: 8-K
Item: Item 3.01
Chunk 1
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 hearings panel. There can be no assurance that the Company will regain compliance with the minimum bid
price requirement during the 180-day compliance period, secure a second period of 180 days to regain compliance or maintain compliance
with the other NASDAQ listing requirements.

Annual
Report Deficiency

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 (the “ Form 10-K”) with the Securities and Exchange Commission (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 to regain compliance. In determining whether to accept such plan, Nasdaq will consider such things as the likelihood that the
remedial filing, along with any subsequent periodic filing that will be due, can be made within the 180 day period, the Company’s
past compliance history, 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.

Due
to business and management restructuring, the Company needs additional time to complete its financial statements, notes to the financial
statements, as well as to have the report reviewed by its accountants and attorneys. The Company continues to work diligently to enable
the filing of the Form 10-K with the SEC as soon as reasonably practicable.

SIGNATURE

Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                        CIMG                           
  Dated:                By:         /s/                
                        Name:       Jianshuang         
                        Title:      Chief