Company: IMG
Filing Date: 2025-07-30
Form Type: 10-K/A
Source: 0001641172-25-021542
Chunk: 128

Company: CIMG Inc.
Filing Date: 2025-07-30
Form: 10-K/A
Chunk 128
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 Common Stock, together with warrants to purchase a total of approximately 1,279shares of Common Stock at an exercise price of $ 2.11per share. The warrants have a five yearterm and are exercisable upon the six-month anniversary of the original issuance date.The company has
received the advance payment of $29,994.20
on January 23, 2024, but the subscription shares of 14,220
common stocks were not issued as of the date of this report. The company expect to issue 14,220
common stocks to the accredited investor on September 1, 2025. As of the date of this report, the warrants remains unexcised.

On April 27, 2024, the Company entered into
a convertible note and warrant purchase agreement (the “2024 April Purchase Agreement”) with certain investors (the “Investors”),
providing for the private placement of convertible promissory notes in the aggregate principal amount of $320,000
(the “Notes”) and warrants (the “2024 April Warrants”) to purchase up to an aggregate of 221,147
shares of the Company’s Common Stock, par value $0.00001
per share. Each Warrant has an exercise price of $1.322
per share, which represents the average NOCP for the five trading days immediately preceding the signing of the 2024 April Purchase Agreement
in accordance with the “Minimum Price” requirements under Nasdaq Listing Rule 5635(d). The Warrants are immediately exercisable and have a two-year term.

On October 18, 2024, the holders of warrants
issued by the Company exercised its cashless option to purchase an aggregate of 55,973 shares of the Company’s
common stock pursuant to warrants issued by the Company. Such warrants were previously issued pursuant to the convertible note and
warrant purchase agreement dated April 27, 2024, as disclosed in the current report of the Company on Form 8-K filed with the SEC on
May 2, 2024. In connection with such cashless exercise, the Company will not receive any cash proceeds. The shares of common stock
issuable upon exercise of such warrants were registered under the Form S-1 effective on July 1, 2024.

| F-20 |

The following table summarizes warrant activity for
the year ended September 30, 2024:

SCHEDULE OF WARRANT ACTIVITY

|                                   |     | Number of