Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 725

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 6
Chunk 725
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 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, 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.

On
February 19, 2025, the Company received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC
indicating that the Company is not in compliance with Listing Rule 5250(c)(1) because the Company did not timely file its quarterly report
on Form 10-Q for the period ended December 31, 2024 with the SEC.

We
have submitted a Nasdaq compliance plan to Nasdaq on March 18, 2025 and Nasdaq grant the Company extension to (i) file the Form 10-K
for the period ended September 30, 2024 on or before June 13, 2025; and (ii) file the Form 10-Q for the period ended December 31, 2024
on or before July 14, 2025.

On
May 19, 2025, the Company received a notice (the “Quarterly Report Notice”) from NASDAQ indicating that the Company was not
in compliance with Nasdaq Listing Rule 5250(c)(1) because