Company: IMG
Filing Date: 2025-07-21
Form Type: 10-K
Source: 0001641172-25-020300
Chunk: 1201

Company: CIMG Inc.
Filing Date: 2025-07-21
Form: 10-K
Item: Item 16
Chunk 1201
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 in excess of $200,000, with applicable interest, costs and attorneys’ fees. The Company’s
answer to the Complaint was due on April 16, 2025. On April 17, 2025, the Ex-Director’s filed a request for entry of default. To
date, no default has been entered against the Company. As of the
date of this annual report, two parties are still negotiating.

    F-21

12. SUBSEQUENT EVENTS

New Operating Lease

Effective December 16, 2024, we have leased a principal
office space located at Room R2, FTY D, 16/F, Kin Ga Industrial Building, 9 San On Street, Tuen Mun, Hong Kong, which we lease for RMB
4,167
($594)
per month until December 17, 2025. 

Private Placement

SCHEDULE OF PRIVATE PLACEMENT

    Date
     
    Transaction
    Description
     
    Amount/Shares
     
    Status
  
    November
    9, 2023
     
    Subscription
    Agreement
    
    (Form
    8-K filed on November 15 2023)
     
    $129,636
    for 46,800 shares of Common Stock, together with warrants to purchase a total of approximately 5,200 shares of Common Stock
    at an exercise price of $2.77 per share
     
    The
    company has received purchase price of $129,662.8 on Nov 19, 2023, but the subscription shares of 46,800 common stocks were not issued
    as of the date of this report.
     
    Shares
    of Common stock
    unissued (expected to issue September 1, 2025) 
     
    The
    warrants remains unexcised as of the date of this report.
  
    January
    30, 2024
     
    Subscription
    Agreement for common stock and warrants
     
    (Form
    10-Q filed on May 6, 2024)
     
    $30,004
    for 14,220 shares of common stocks together with warrants to purchase a total of approximately 1,279 shares of Common Stock
    at an exercise price of $2.11 per share

    The
    company has received the advance payment of $29,994.2 on January