Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 7

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1A
Chunk 7
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 terms of debt securities issued or borrowings pursuant to a credit agreement could
impose significant restrictions on our operations or our ability to issue additional equity securities or issue additional indebtedness.

We
may also be required under additional debt financing to grant security interests on our assets, including our intellectual property.
If we raise funds through collaborations and licensing arrangements, we might be required to relinquish significant rights to our intellectual
property, or grant licenses on terms that are not favorable to us which could lower the economic value of those items to us.

The
credit markets and the financial services industry have in the past experienced turmoil and upheaval characterized by the bankruptcy,
failure, collapse, or sale of various financial institutions and intervention from the U.S. federal government. Furthermore, the capital
markets and the financial services industry are currently and expected to continue to be unpredictable and volatile. These events typically
make equity and debt financing more difficult to obtain. Accordingly, additional equity or debt financing might not be available on reasonable
terms, if at all. If we cannot secure additional funding when needed, including due to changes in our business plan, a lower demand for
our products or other risks described in this Report, we may have to delay, reduce the scope of or eliminate one or more sales and marketing
initiatives and development programs, which would have a materially adverse effect on our business.

We
have a limited operating history, which may make it difficult to evaluate our current business and to forecast our future performance.

We
have little operating history and are addressing an emerging market. As a result, our current and future business prospects are difficult
to evaluate. All potential investors must consider our business prospects in light of the risks and difficulties we have encountered
and will continue to encounter as a company operating in a rapidly evolving market. Some of these risks relate to our potential inability
to:

    ●
    effectively
    manage our business and proprietary information;
  
    ●
    recruit
    and retain sales and marketing, technical and managerial personnel;
  
    ●
    recruit
    and retain appropriate distributor relationships;
  
    ●
    successfully
    develop and protect our intellectual property portfolio;
  
    ●
    successfully
    provide high quality products as our business expands; and
  
    ●
    successfully
    address other risks, as described in this Report or otherwise.

If
we do not address these risks successfully, it could have a material adverse effect on our business and financial condition.

Our
ability to use our net operating loss carry