Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 724

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 6
Chunk 724
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, 2024,
and an equity financing of $3,000,000 on July 11, 2024. On July 23, 2024, the Company received a letter from NASDAQ stating that based
on the Company’s Form 8-K, filed with the Commission on July 19, 2024, NASDAQ has determined that the Company has complied with
Listing Rule 5550(b)(1).

On
January 14, 2025, the Company received a notification letter (the “Minimum Bid Price Notice”) from the Listing Qualifications
Department of The Nasdaq Stock Market LLC indicating that the Company is not in compliance with the minimum bid price requirement for
continued listing set forth in Nasdaq Listing Rule 5550(a)(2). Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain
a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement
exists if the deficiency continues for a period of 30 consecutive business days. The Minimum Bid Price Notice has no immediate effect
on the listing of the Company’s Common Stock, which continues to trade on The Nasdaq Capital Market under the symbol “IMG.”
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of the Minimum Bid Price Notice,
or until July 14, 2025, to regain compliance. If at any time before July 14, 2025 the closing bid price of the Common Stock closes at
or above $1.00 per share for a minimum of 10 consecutive business days, NASDAQ will provide written notification that the Company has
achieved compliance with the minimum bid price requirement, and the matter will be resolved. If the Company does not regain compliance
during the compliance period ending July 14, 2025, then NASDAQ may in its discretion determine to grant the Company an additional 180
calendar day period to regain compliance, provided that the Company on July 14, 2025 meets the continued listing requirement for market
value of publicly held shares and all other applicable initial listing standards for The Nasdaq Capital Market, with the exception of
the minimum bid price requirement, and will need to provide NASDAQ written notice of its intent to cure the deficiency during the second
compliance period.

53

On
January 17, 2025, the