Company: IMG
Filing Date: 2025-07-10
Form Type: PRE 14C
Source: 0001641172-25-018470
Chunk: 12

Company: CIMG Inc.
Filing Date: 2025-07-10
Form: PRE 14C
Chunk 12
---
 the next whole number.

Accounting Matters

The proposed Certificate of Change will not affect the par value of our Common Stock per share, which will remain $0.00001 par value per share. As a result, as of the effectiveness of the Reverse Stock Split, the stated capital attributable to Common Stock and the additional paid-in capital account on our balance sheet will not change due to the Reverse Stock Split. Reported per share net income or loss will be higher because there will be fewer shares of Common Stock outstanding.

No Appraisal Rights

Under Nevada law and our charter documents, holders of our Common Stock will not be entitled to dissenter’s rights or appraisal rights with respect to the Reverse Stock Split.

Interests of Directors and Executive Officers

Our directors and executive officers have no substantial interests, directly or indirectly, in the Reverse Stock Split except to the extent of their ownership of shares of our common stock and/or preferred stock.

Reservation of Right to Abandon Reverse Stock Split

We reserve the right to abandon the Reverse Stock Split without further action by our stockholders at any time before the effectiveness of the filing with the Secretary of the State of Nevada of the Certificate of Change, even though the authority to effect the Reverse Stock Split has been approved by our stockholders. The Board is also expressly authorized to delay, not to proceed with, and abandon, the Reverse Stock Split if it should so decide, in its sole discretion, that such action is in the best interests of our stockholders.

II. APPROVAL OF, FOR PURPOSES OF ATTRACTING, RETAINING, AND MOTIVATING EMPLOYEES, DIRECTORS, AND CONSULTANTS, THE ADOPTION OF CIMG INC. 2025 EQUITY INCENTIVE PLAN.

On June 30, 2025 and July 3, 2025, our Board and the Majority Shareholders authorized and approved the adoption of the Company’s 2025 Equity Incentive Plan (the “ 2025 Equity Incentive Plan”), under which an aggregate of 7,279,400 of our shares of common stock or options to purchase shares of common stock may be newly issued, and such number of shares of common stock shall be and is hereby reserved for such purpose. The 2025 Equity Incentive Plan is appended to this information statement as Appendix A.

Administration.

Authority to administer and manage the 2025 Equity Incentive Plan shall be vested in the Board of the Company or by the compensation committee set up for such purpose (the “