Company: IMG
Filing Date: 2025-11-07
Form Type: 10-Q/A
Source: 0001493152-25-021258
Chunk: 31

Company: CIMG Inc.
Filing Date: 2025-11-07
Form: 10-Q/A
Chunk 31
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, Nobuki Kurita, and David Robson (collectively, “Plaintiffs”) subsequently filed a motion with the court to amend the total amount of the judgment. The basis for the sought increase was that the judgment erroneously only reflected an award of damages to one Plaintiff, Kevin Conner, rather than to all four Plaintiffs. Counsel indicated that each of the four Plaintiffs were due, respectively, judgments in the amount of $54,000 (Kevin Connor), $52,125 (Chirs Jones), $46,500 (Nobuki Kurita), and $50,250 (David Robson). Counsel represented that the total amount of the judgments, after calculation of daily interest, should be $222,062.28.On October 17, 2025, the Court held a hearing on Plaintiffs’ motion for correction of judgment nunc pro tunc pursuant to Code Civ. Proc. § 473(d) (ROA 

# 25). The court substantively granted the Motion, but with qualifying instructions. The Court found that Plaintiffs met their burden to establish the sums due to each one of them, but held that the proposed amended judgment was not in proper form. The Court directed Plaintiffs’ counsel to resubmit the form of judgment as specifying the sums due and owing to each individual Plaintiff, and to do so via a single long form judgment (on pleading paper) that specifies the amounts due and owing to each Plaintiff. It is expected that Plaintiffs’ counsel will submit the required amended form at any moment, and that judgment on the amended amount is imminent.
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11. SUBSEQUENT EVENTS

Amendment to Articles of Organization

At the Company’s annual meeting of stockholders held on October 28, 2025, the Company’s stockholders approved an amendment to the Company’s Articles of Incorporation, as amended (the “Articles of Incorporation”) to increase the number of authorized shares of common stock to 600,000,000shares, par value $ 0.00001per share. The certificate of Amendment was filed with the Nevada Secretary of State on October 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