Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 55

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1A
Chunk 55
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 classes of capital stock to date and do not anticipate paying any cash dividends on shares of our
Common Stock in the foreseeable future. We currently intend to retain all of our future earnings, if any, to fund the development and
growth of our business. Any future determination relating to our dividend policy will be made at the discretion of our Board and will
depend on a number of factors, including future earnings, capital requirements, financial conditions, future prospects, contractual restrictions
and covenants and other factors that our Board may deem relevant.

2024
Incentive plan

See “Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDER MATTERS. - Equity Compensation Plan Information”.

Repurchases of Shares

There were no repurchases of
shares of common stock during for the year ended September 30, 2024.

ITEM
6. [RESERVED]

ITEM
7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
following discussion provides information which management believes is relevant to an assessment and understanding of our results of
operations and financial condition. The discussion should be read along with our financial statements and notes thereto included elsewhere
in this Report. Except for historical information contained herein, the following discussion contains forward-looking statements which
are subject to known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those
expressed or implied by such forward-looking statements. We discuss such risks, uncertainties and other factors throughout this Report
and specifically under Item 1A of Part I of this Report, Risk Factors. For additional discussion, see “CAUTIONARY NOTE REGARDING
FORWARD LOOKING STATEMENTS” above.

Corporate
Overview

CIMG
Inc. is a company incorporated in Nevada and listed on Nasdaq since June 2020. We were formerly known as “Nuzee, Inc.” with
a previous ticker symbol “NUZE”, and we changed our corporate name and ticker symbol to “CIMG Inc.” and “IMG”
in October 2024. We previously focused on specialty coffee and related technologies but are now expanding our sales and distribution
channels in Asia to encompass a broader range of consumer food and beverage products. This expansion is fueled by our online sales platform,
which leverages a natural language search function.

On
June 7, 2024, we entered into a Share Purchase Agreement (“Share Purchase Agreement”) with Masateru H