Company: IMG
Filing Date: 2025-11-18
Form Type: 10-Q/A
Source: 0001493152-25-024063
Chunk: 22

Company: CIMG Inc.
Filing Date: 2025-11-18
Form: 10-Q/A
Chunk 22
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 conversions of the August Notes, the Company issued an aggregate of 1,396,813shares of Common Stock to the August Notes Investors.

On October 22, 2024, the holders of warrants exercised its cashless option to purchase an aggregate of 55,973shares of the Company’s common stock. In connection with such cashless exercise, the Company did not receive any cash proceeds.

On September 24, 2024, the Company entered into a securities purchase agreement with certain investors (the “Investors”), providing for the sale and issuance of 3,508,769shares of the Company’s common stock, par value $ 0.00001per share, for an aggregate purchase price of $ 2,000,000.

On December 24, 2024, the Company issued 800,000shares of its common stock for a total value of $ 523,680under the 2024 Equity Incentive Plan.

The following table summarizes the restricted common shares activities for the three months ended December 31, 2024 and 2023:

SCHEDULE OF RESTRICTED STOCK SHARES ACTIVITIES

|                                                      |     | 2024 |           |     | 2023 |        |   |
| Number                                               
 of shares outstanding at September 30, 2024 and 2023 |     |      |   320,743 |     |      | 50,056 |   |
| Restricted shares                                    
 granted                                              |     |      | 4,905,582 |     |      |      - |   |
| Restricted shares                                    
 forfeited                                            |     |      |         - |     |      | (4,300 | ) |
| Restricted                                           
 shares vested                                        |     |      |         - |     |      |      - |   |
| Number                                               
 of shares outstanding at December 31, 2024 and 2023  |     |      | 5,226,325 |     |      | 45,756 |   |

9. STOCK OPTIONS AND WARRANTS

Options

During the three months ended December 31, 2024, the Company granted nonew stock options.

During the three months ended December 31, 2024, 20,430stock options were forfeited or expired because of termination of employment, expiration of options and performance conditions not met.

The following table summarizes stock option activity for the three months ended December 31, 2024.

SCHEDULE OF STOCK OPTION ACTIVITY