Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 235

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 235
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 there any currently proposed transaction, in which:

    ●
    we
    have been or are to be a participant;
  
    ●
    the
    amount involved exceeded or will exceed the lesser of (i) $120,000 or (ii) 1% of the average of the Company’s total assets
    at year-end for the last two completed fiscal years; and
  
    ●
    any
    of our directors, executive officers or, to our knowledge, beneficial owners of 5% or more of our capital stock, or any immediate
    family member of or person sharing the household with any of these individuals or entities, had or will have a direct or indirect
    material interest.

Mr.
Sooncha Kim, purchased 24,286 shares of Common Stock for an aggregate purchase price
of approximately $697,000 on August 10, 2022 in our underwritten public offering (the “Registered Offering”) of Common Stock,
which we completed pursuant to an Underwriting Agreement dated as of August 7, 2022 and a prospectus supplement to our effective shelf
registration statement on Form S-3 (Registration No. 333-248531). Mr. Sooncha Kim purchased shares of Common Stock in the Registered
Offering from the underwriter on the same terms as all other investors participating in the Registered Offering. The Board pre-approved
Mr. Sooncha Kim’s purchase of shares of Common Stock in the Registered Offering in accordance with our Related Party Transaction
Policy.

In
November, 2023, Mr. Sooncha Kim also purchased 46,800 shares of Common Stock and warrants to purchase an additional 5,200 shares for
an aggregate purchase price of approximately $130,000 in a private placement transaction. The Board pre-approved Mr. Sooncha Kim’s
purchase of shares of Common Stock and warrants in accordance with our Related Party Transaction Policy.

For
the fiscal year ended September 30, 2024 and as of the date of this annual report, there has not been any transaction or series of transactions,
nor is there any currently proposed transaction.

ITEM
14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Please
refer to the Current Reports on Form 8-K of the Company filed on January 24, 2025, which described that the change of auditors from MaloneBailey,
LLP to Assentsure PAC was approved by the audit committee of the board of directors of the Company.

The
Company appointed Assentsure