Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 637

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 5
Chunk 637
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Our
Common Stock is listed on the Nasdaq Capital Market under the symbol “IMG.” As of July 2, 2025, there were approximately 298 holders of record of our Common Stock. The actual number of stockholders is greater than this number of record holders, and
includes stockholders who are beneficial owners, but whose shares are held in street name by brokers and other nominees.

Dividends

We
have not paid dividends on any of our classes of capital stock to date and do not anticipate paying any cash dividends on shares of our
Common Stock in the foreseeable future. We currently intend to retain all of our future earnings, if any, to fund the development and
growth of our business. Any future determination relating to our dividend policy will be made at the discretion of our Board and will
depend on a number of factors, including future earnings, capital requirements, financial conditions, future prospects, contractual restrictions
and covenants and other factors that our Board may deem relevant.

2024
Incentive plan

See “Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDER MATTERS. - Equity Compensation Plan Information”.

Repurchases of Shares

There were no repurchases of
shares of common stock during for the year ended September 30, 2024.

ITEM
6. [RESERVED]

ITEM
7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
following discussion provides information which management believes is relevant to an assessment and understanding of our results of
operations and financial condition. The discussion should be read along with our financial statements and notes thereto included elsewhere
in this Report. Except for historical information contained herein, the following discussion contains forward-looking statements which
are subject to known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those
expressed or implied by such forward-looking statements. We discuss such risks, uncertainties and other factors throughout this Report
and specifically under Item 1A of Part I of this Report, Risk Factors. For additional discussion, see “CAUTIONARY NOTE REGARDING
FORWARD LOOKING STATEMENTS” above.

Corporate
Overview

CIMG
Inc. is a company incorporated in Nevada and listed on Nasdaq since June 2020. We were formerly known as “Nuzee, Inc.” with
a previous ticker symbol “NUZE”, and we changed our corporate name and ticker symbol to