Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 790

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 6
Chunk 790
---
 filed June 10, 2024)
     
    $1,499,999 for866,048
    shares of Common stock
     
    The Transaction was closed on June 7, 2024 and the Company issued an aggregate
of 866,048 shares of Common stock
  
    July
    11, 2024
     
    Securities  Purchase
    Agreement
    (From 8-K filed July 16, 2024  and From 8-K filed on July 19, 2024) 
     
    $3,000,000 for2,040,814
    shares of Common stock
     
    The Transaction was closed on July 18, 2024 and the
Company issued an aggregate of 2,040,814 shares of Common stock.

    Issued
                                            private placement totals
     
    2,906,862
    shares  for $4,499,999

    Treasury
                                            Stock:

    September
    30, 2024
     
    Previously
    uncancelled stocks
     
    34,095
    shares of Common Stock, $0.00001par
    value
     
    As of September 30, 2024, the Company has corrected
the number of treasury shares recorded with the transfer agent to include 34,095 shares of common stock that were not successfully cancelled
prior to September 30, 2023 due to administrative reasons. 

    F-15

Restricted Stock Awards

During the year
ended September 30, 2024, the Company did not issue restricted stock awards.

On August 11, 2023, the Compensation Committee
(the “Compensation Committee”) of the Company’s Board of Directors granted to Randell Weaver, the Company’s
newly appointed Chief Financial Officer, in connection with his employment agreement, an award of 6,000 restricted shares (the
“Restricted Shares”) of the Company’s common stock under the 2023 Stock Incentive Plan. These Restricted Shares
vested as follows: (i) 2,000 Restricted Shares shall vest upon the first anniversary of the commencement date;
(ii) 2,000 Restricted Shares shall vest upon the second anniversary of the commencement date; and
(iii) 2,000 Restricted Shares shall vest upon the third anniversary of the commencement date. The Company recognized
common stock compensation expense of $3,751 for the year