Company: IMG
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001493152-25-020586
Chunk: 65

Company: CIMG Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 8
Chunk 65
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28, 2025, and became effective 11:00 am eastern standard time on October 28, 2025.

Private Placement

SCHEDULE
OF PRIVATE PLACEMENT

    Date
     
    Transaction Description
     
    Amount/Shares
     
    Status
  
    August 21, 2025

    Purchase Agreement
     
    (Form 8-K filed on August 26, 2025)
     
    $4,000,000 for 16,666,666 shares of common stocks, at a conversion price of $0.24 per shares
     
    On August 21, 2025, CIMG Inc., a Nevada corporation (the “Company”),
    entered into a convertible note purchase agreement (the “Purchase
    Agreement”) with certain non U.S. investors (the “Investors”),
    providing for the private placement of convertible promissory notes in the aggregate principal amount of $4,000,000
    (the “Notes”).
    The Notes bear interest at an annual rate of 7%
    and have a maturity date of August
    31, 2026. The Notes are convertible into shares of common stock of the Company, at a conversion price of $0.24
    per shares, subject to adjustment in accordance with the Notes.
  
    August 25, 2025

    Purchase Agreement
     
    (Form 8-K filed on August 27, 2025)

    An aggregate consideration of $55,000,000 worth of bitcoin for 220,000,000
    shares, at a purchase price of $0.25 per share.

    On August 25, 2025, CIMG Inc., a Nevada corporation (the “Company”),
    entered into a securities purchase agreement (the “Purchase Agreement”)
    with certain non U.S. investors (the “Investors”),
    providing for the private placement of 220,000,000 shares of Common Stock (the “Shares”)
    in reliance on the registration exemptions of Regulation S for an aggregate consideration of $55,000,000 worth of bitcoin, at a purchase
    price of $0.25 per share.
     
    The closing
of the sale of the 220,000,000
Shares occurred on September 2, 2025.

New
Subsidiary

On
August 1, 2025, Zhongyan, CIMG Inc.’