Company: IMG
Filing Date: 2025-01-21
Form Type: 8-K
Source: 0001493152-25-003038
Chunk: 0

Company: CIMG Inc.
Filing Date: 2025-01-21
Form: 8-K
Item: Item 3.01
Chunk 0
---
Item      Notice                                                                                         

Minimum
Bid Price Deficiency

On
January 14, 2025, CIMG Inc. (the “ Company”) received a notification letter (the “ Minimum Bid Price Notice”) from
the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ NASDAQ”) indicating that the Company is not in compliance
with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2). Nasdaq Listing Rule 5550(a)(2)
requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a
failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. The
Minimum Bid Price Notice has no immediate effect on the listing of the Company’s common stock, par value $0.00001 per share (the
“ Common Stock”), which continues to trade on The Nasdaq Capital Market under the symbol “ IMG.”

In
accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of the Minimum Bid Price Notice, or
until July 14, 2025, to regain compliance. If at any time before July 14, 2025 the closing bid price of the Common Stock closes at or
above $1.00 per share for a minimum of 10 consecutive business days, NASDAQ will provide written notification that the Company has achieved
compliance with the minimum bid price requirement, and the matter will be resolved.

If
the Company does not regain compliance during the compliance period ending July 14, 2025, then NASDAQ may in its discretion determine
to grant the Company an additional 180 calendar day period to regain compliance, provided that the Company on July 14, 2025 meets the
continued listing requirement for market value of publicly held shares and all other applicable initial listing standards for The Nasdaq
Capital Market, with the exception of the minimum bid price requirement, and will need to provide NASDAQ written notice of its intent
to cure the deficiency during the second compliance period.

If
the Company does not regain compliance within the allotted compliance period or periods, including any extensions that NASDAQ may determine
to grant, NASDAQ will provide notice that the Common Stock will be subject to delisting. The Company would then be entitled to appeal
that determination to a NASDAQ