Company: IMG
Filing Date: 2025-07-02
Form Type: 8-K
Source: 0001641172-25-017560
Chunk: 1

Company: CIMG Inc.
Filing Date: 2025-07-02
Form: 8-K
Item: Item 3.01
Chunk 1
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 believed that it had regained compliance with the stockholders’ equity requirement.

Based
on the Company’s representation on the Form 8-K filed on July 19, 2024, Nasdaq notified the Company that it had regained compliance
with the stockholders’ equity requirement on July 23, 2024, but noted that if the Company failed to evidence compliance upon filing
its periodic report, it may be subject to delisting. However, pursuant to the Nasdaq Delist Determination Letter, Nasdaq believes that
the Company did not comply with the terms of the Staff’s Stockholders’ Conditional Compliance letter, and this deficiency
serves as a separate and additional basis for delisting and the Company should also address this concern before a Hearings Panel. The
Company may appeal Staff’s determination to a Hearings Panel, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800
Series.

The
Company intends to file its Form 10-K for the fiscal year ended September 30, 2024 as soon as possible, and in any event before July
7, 2025. In addition, the Company intends to appeal Nasdaq’s delist determination and plans to request a hearing before a Nasdaq
Hearings Panel to present its plan for regaining compliance with the applicable Nasdaq Listing Rules by 4:00 p. m. Eastern Time on July
7, 2025. In accordance with the requirements of Nasdaq, the Company has made a public announcement by issuing a press release disclosing
receipt of and the contents of the Nasdaq Delist Determination Letter, appended to this current report as Exhibit 99.1.

Item
9.01 Financial Statement and Exhibits