Company: IMG
Filing Date: 2025-11-18
Form Type: 10-Q/A
Source: 0001493152-25-024063
Chunk: 24

Company: CIMG Inc.
Filing Date: 2025-11-18
Form: 10-Q/A
Chunk 24
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 as disclosed in the current report of the Company on Form 8-K filed with the SEC on May 2, 2024. In connection with such cashless exercise, the Company will not receive any cash proceeds. The shares of common stock issuable upon exercise of such warrants were registered under the Form S-1 effective on July 1, 2024.

The following table summarizes warrant activity for the three months ended December 31, 2024:

SCHEDULE OF WARRANT ACTIVITY

|                         |     | Number      
 of          
 Shares      
 Issuable    
 Upon        
 Exercise of 
 Warrants    |         |     | Weighted 
 Average  
 Exercise 
 Price    |        |     | Weighted     
 Average      
 Remaining    
 Contractual  
 Life (years) |      |     | Aggregate 
 Intrinsic 
 Value     |   |
|:------------------------|:----|:------------|--------:|:----|:---------|-------:|:----|:-------------|-----:|:----|:----------|:--|
| Outstanding             
 on September 30, 2024   |     |             | 214,850 |     | $        | 112.67 |     |              | 2.42 |     | $         | - |
| Issued                  |     |             |       - |     |          |      - |     |              |    - |     |           | - |
| Exercised               |     |             |  55,973 |     |          |   1.32 |     |              |    - |     |           | - |
| Expired                 |     |             |       - |     |          |      - |     |              |    - |     |           | - |
| Outstanding on December 
 31, 2024                |     |             |       - |     |          |      - |     |              |    - |     |           | - |
| Exercisable on December 
 31, 2024                |     |             | 158,877 |     | $        | 151.94 |     |              | 1.24 |     | $         | - |

10. CONTINGENCIES

Curtin Litigation

As previously disclosed, on January 6, 2023, a former employee of the Company, Rosalina Curtin filed a complaint against the Company and another former employee of the Company, Jose Ramirez, in the Superior Court of California