Company: IMG
Filing Date: 2025-09-24
Form Type: 10-Q
Source: 0001493152-25-014748
Chunk: 34

Company: CIMG Inc.
Filing Date: 2025-09-24
Form: 10-Q
Item: Item 1
Chunk 34
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 Pursuant to the Purchase Agreement, the Company issued 148,100,000 shares of common stock to the non-U.S. investors, following
receipt of the respective purchase amounts, and will issue the remaining 71,900,000 upon shareholder approval.

As previously disclosed in a Current Report filed with the SEC on August 26, 2025, on
August 21, 2025, the Company, entered into a convertible note purchase agreement (the
“Purchase Agreement”) with certain non U.S. investors (the “Investors”), providing for the private placement
of convertible promissory notes in the aggregate principal amount of $4,000,000 (the “Notes”) in reliance on the registration
exemptions of Regulation S.

Item
3. DEFAULTS UPON SENIOR SECURITIES

None.

Item
4. MINE SAFETY DISCLOSURES

Not
applicable.

Item
5. OTHER INFORMATION

During
the fiscal quarter ended March 31, 2025, none of the Company’s directors or officers, as defined in Section 16 of the Securities
Exchange Act of 1934, adopted or terminated any contract, instruction or written plan for the purchase or sale of Company securities
that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement”
as defined under Item 408(a) of Regulation S-K.

21

Item
6. EXHIBITS 

    Exhibit
    Number
     
    Description

    10.1
     
    Securities Purchase Agreement, dated August 25, 2025, between the Company and the Investors party thereto (incorporated by reference to the Company’s 8-K filed on August 27, 2025).

    10.2
     
    Note Purchase Agreement, dated August 21, 2025, between the Company and the Investors party thereto (incorporated by reference to the Company’s 8-K filed on August 26, 2025).

    31.1*
     
    Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

    31.2*
     
    Certification of Chief Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

    32**
     
    Certification of Principal Executive Officer and Principal Accounting