Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 41

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 1A
Chunk 41
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 maintain compliance
with the other NASDAQ listing requirements.

If
we fail to meet one of those standards or any other Nasdaq Capital Market continued listing requirement, our Common Stock may be subject
to delisting, as applied by Nasdaq in its discretion. We intend to take all commercially reasonable actions to maintain our Nasdaq Capital
Market listing. If our Common Stock is delisted in the future, it is not likely that we will be able to list our Common Stock on another
national securities exchange on a timely basis or at all and, as a result, we expect our securities would be quoted on an over-the-counter
market; however, if this were to occur, our stockholders could face significant material adverse consequences, including limited availability
of market quotations for our Common Stock and reduced liquidity for the trading of our securities. In addition, in the event of such
delisting, we could experience a decreased ability to issue additional securities and obtain additional financing in the future.

We
have broad discretion in the use of the net proceeds from our recent offering and may not use them effectively, which could affect our
results of operations and cause our stock price to decline.

Our
management will have broad discretion in the application of the net proceeds from our recent offering. We intend to use the net proceeds
from the offering to acquire complementary businesses, acquire or license products or technologies that are complementary to our own,
although we have no current plans, commitments or agreements with respect to any such use of proceeds for acquisitions or licenses, and
for working capital and general corporate purposes. As a result, you will be relying upon management’s judgment with only limited
information about our specific intentions for the use of the balance of the net proceeds of the offering. You will not have the opportunity,
as part of your investment decision, to assess whether we are using the proceeds appropriately. Our management might not apply our net
proceeds in ways that ultimately increase the value of your investment. If we do not invest or apply the net proceeds from the offering
in ways that enhance stockholder value, we may fail to achieve expected financial results, which could cause our stock price to decline.

We
incur significant costs as a result of operating as a public company, and our management must devote substantial time to compliance initiatives
as a result of the listing of our Common Stock on the Nasdaq Capital Market.

As
a listed company, we are required to meet the continued listing requirements applicable to all NASDAQ Capital Market companies. We expect
our ongoing