Company: IMG
Filing Date: 2025-02-24
Form Type: 8-K
Source: 0001493152-25-008048
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Company: CIMG Inc.
Filing Date: 2025-02-24
Form: 8-K
Item: Item 3.01
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Item      Notice                                                                                         

Periodic
Report Deficiency

On
February 19, 2025, CIMG Inc. (the “ Company”) received a notification letter (the “ Periodic Report Notice”) from
the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq”) 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 Securities and Exchange Commission (the “ SEC”).

The
Periodic Report Notice has no immediate effect on the listing of the Company’s common stock on Nasdaq. In accordance with the earlier
deficiency notice letter from Nasdaq dated January 17, 2025 disclosed in the Company’s current report on Form 8-K filed on January
21, 2025, the Company has until March 18, 2025 to submit a plan to regain compliance with respect to the delinquent reports. Any exception
granted by Nasdaq to allow the Company to regain compliance, if granted, will be limited to a maximum of 180 calendar days from the due
date of the initial delinquent filing, or July 14, 2025. As required by the Periodic Report Notice, the Company has issued a press release
in the form in Exhibit 99.1.

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-Q with the SEC as soon as reasonably practicable.