Company: IMG
Filing Date: 2025-02-25
Form Type: DEF 14C
Source: 0001493152-25-008207
Chunk: 6

Company: CIMG Inc.
Filing Date: 2025-02-25
Form: DEF 14C
Chunk 6
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 common stock issuable if the principal amount plus one year accrued interest are converted pursuant to the terms of the Notes). The securities potentially issuable pursuant to the Warrant includes up to 25,641,023 shares of the Company’s common stock, issuable upon exercise of the Warrant at an exercise price of $0.39 per share.

Potential Effect of the Purchase Agreement, the Notes and the Warrants

Each additional share of common stock that would be issuable to the Notes and Warrants holder would have the same rights and privileges as each share of our currently outstanding common stock. The issuance of shares of common stock to the Notes and Warrants holder pursuant to the terms of the Notes and Warrants will not affect the rights of the holders of our outstanding common stock, but such issuances will have a dilutive effect on the existing stockholders, including the voting power and economic rights of the existing stockholders, and may result in a decline in our stock price or greater price volatility. Further, any sales in the public market of our shares of common stock issuable to the Notes and Warrants holder could adversely affect prevailing market prices of our shares of common stock.

The securities potentially issuable pursuant to the Notes include up to 19,230,769 shares of the Company’s common stock issuable upon conversion of the Convertible Notes at a conversion price of $0.52 (or up to 20,576,923 shares of the Company’s common stock issuable if the principal amount plus one year accrued interest are converted pursuant to the terms of the Notes). The securities potentially issuable pursuant to the Warrant includes up to 25,641,023 shares of the Company’s common stock, issuable upon exercise of the Warrant at an exercise price of $0.39 per share.

Additional Information

This summary is intended to provide you with basic information concerning the Purchase Agreement, the Notes and Warrants. The full text of such documents was included as exhibits to our Current Report on Form 8-K filed with the SEC on December 17, 2024 and Form 8-K on February 12, 2025.

<div align='center'>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</div>

The following tables set forth, as of February 10, 2025, the beneficial ownership of our Common Stock by:

| ● | each                                                                                                      
 person, or group of affiliated persons, known by us to beneficially own more than 5% of our Common