Company: IMG
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001493152-25-020586
Chunk: 28

Company: CIMG Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 28
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URITIES

On
April 22,2025, the Company issued 200,000 shares of its common stock for a total value of $118,200 under the 2024 Equity Incentive Plan.

On
June 2, 2025, CIMG Inc., entered into a share purchase agreement (the “Share Purchase Agreement”) with certain non-U.S. investors
(the “Investors”), providing for the private placement of 6,000,000 shares of common stock, par value $0.00001 per share
(the “Common Stock”, or the “Shares”) of the Company in the aggregate principal amount of $1,068,480, at a purchase
price of $0.17808 per share, in reliance on the registration exemptions of Regulation S of the Securities Act of 1933.

The
following table summarizes the restricted common shares activities for the nine months ended June 30, 2025 and 2024:

 SCHEDULE OF RESTRICTED STOCK SHARES ACTIVITIES 

    2025  
    2024 
  
    Number of shares outstanding at September 30, 2024 and 2023 
     320,743  
     50,056 
  
    Restricted shares granted 
     30,563,200  
     - 
  
    Restricted shares forfeited 
     -  
     (13,561)
  
    Restricted shares vested 
     (16,358,545) 
     (17,592)
  
    Number of shares outstanding at June 30, 2025 and 2024 
     14,525,398  
     18,903 

9.
STOCK OPTIONS AND WARRANTS

Options

During
the nine months ended June 30, 2025, the Company granted no new stock options.

During
the nine months ended June 30, 2025, 20,430 stock 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 nine months ended June 30, 2025.

 SCHEDULE OF STOCK OPTION ACTIVITY

    Number
                                            of Shares  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Life
                                            (years)  
    Aggregate Intrinsic Value 
  
    Outstanding on September 30, 2024 
     20,430  
    $177