Company: IMG
Filing Date: 2025-12-29
Form Type: PRE 14C
Source: 0001493152-25-029215
Chunk: 3

Company: CIMG Inc.
Filing Date: 2025-12-29
Form: PRE 14C
Chunk 3
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, as permitted by Section 78.320 of the NRS and Section 1.11 of Article I of our bylaws, the stockholders who have the authority to vote a majority of the outstanding shares of common Stock, have an aggregate beneficial interest of greater than the majority of our issued and outstanding shares of common stock, approved the following corporate actions (collectively, the “Corporate Actions”):

| (i)   | the implementation of a                                                                                                                 
 reverse stock split at a ratio between 1-for-2 and 1-for-50, to be effected at the Board’s discretion;                                  |
| (ii)  | an amendment to the Company’s                                                                                                           
 Articles of Incorporation, dated July 15, 2011, as amended on May 6, 2013, October 28, 2019, October 22, 2024, and October 28, 2025     
 to increase the number of authorized shares of our common stock from 600,000,000 to 2,000,000,000; and                                  |
| (iii) | for purposes of complying                                                                                                               
 with Nasdaq Listing Rule 5635(d), the issuance by the Company of units consisting of one share of Common Stock and one warrant to       
 purchase one share of Common Stock (the “Units”), for aggregate gross proceeds of up to $850,000,000, at a price below                  
 the Nasdaq minimum price, which issuance may result in the issuance, in the aggregate, of twenty percent (20%) or more of the Company’s 
 outstanding Common Stock or voting power following the closing of the transaction, depending on the purchase price determined at        
 the time of issuance.                                                                                                                   |

Nasdaq Requirements

Under Nasdaq Listing Rule 5635(d), stockholder approval is required in connection with a transaction, other than a public offering, involving the sale or issuance by a company of common stock (or securities convertible into or exercisable for common stock) equal to 20% or more of the company’s outstanding common stock or 20% or more of the voting power of such company outstanding before the issuance, at a price that is less than the Nasdaq minimum price (the “Minimum Price”).

The transaction described in this Information Statement involves the issuance by the Company of Units, each consisting of one share of common stock and one warrant to purchase one share of common stock, at a purchase price below the Nasdaq Minimum Price. Depending on the purchase price determined at the time