Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 160

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1
Chunk 160
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 able raise such additional
capital on favorable terms or at all. If we are unsuccessful in efforts to raise additional capital, based on our current levels of operating
expenses, our current capital is not expected to be sufficient to fund our operations for the next twelve months. These conditions raise
substantial doubt about our ability to continue as a going concern.

We
may also consider raising additional capital in the future to expand our business, to pursue strategic investments or acquisitions, to
take advantage of financing opportunities or for other reasons, including to:

    ●
    fund
    development of our products;
  
    ●
    acquire,
    license or invest in technologies or intellectual property relating to our existing products;
  
    ●
    acquire
    or invest in complementary businesses or assets; and
  
    ●
    finance
    capital expenditures and general and administrative expenses.

23

Our
present and future funding requirements will depend on many factors, including:

    ●
    success
    of our current marketing efforts;
  
    ●
    our
    revenue growth rate and ability to generate cash flows from sales of our products;
  
    ●
    effects
    of competing technological and market developments; and
  
    ●
    changes
    in regulatory oversight applicable to our products.

The
various alternatives for raising additional capital include short-term or long-term debt financings, equity offerings, collaborations
or licensing arrangements and each one carries potential risks. If we raise funds by issuing equity securities, our stockholders will
be further diluted. If we raise funds by issuing debt securities, those debt securities would have rights, preferences and privileges
senior to those of holders of our Common Stock. The 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