Company: IMG
Filing Date: 2025-12-29
Form Type: PRE 14C
Source: 0001493152-25-029215
Chunk: 14

Company: CIMG Inc.
Filing Date: 2025-12-29
Form: PRE 14C
Chunk 14
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holders. The issuance of additional shares could result in the dilution of the value of the shares now outstanding, if the terms on which the shares were issued were less favorable than the contemporaneous market value of the Company’s Common Stock.

The increase in the number of shares of Common Stock available for issuance is not being done for the purpose of impeding any takeover attempt. Nevertheless, the power of the Board of Directors to provide for the issuance of shares of Common Stock without stockholder approval has potential utility as a device to discourage or impede a takeover of the Company. In the event that a non-negotiated takeover were attempted, the private placement of stock into “friendly” hands, for example, could make the Company unattractive to the party seeking control of the Company. This would have a detrimental effect on the interests of any stockholder who wanted to tender his or her shares to the party seeking control or who would favor a change in control.

III. APPROVAL OF THE ISSUANCE BY THE COMPANY OF UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND ONE WARRANT TO PURCHASE ONE SHARE OF COMMON STOCK (THE “UNITS”), FOR AGGREGATE GROSS PROCEEDS OF UP TO $850,000,000, AT A PRICE BELOW THE NASDAQ MINIMUM PRICE, WHICH ISSUANCE MAY RESULT IN THE ISSUANCE, IN THE AGGREGATE, OF TWENTY PERCENT (20%) OR MORE OF THE COMPANY’S OUTSTANDING COMMON STOCK OR VOTING POWER FOLLOWING THE CLOSING OF THE TRANSACTION, DEPENDING ON THE PURCHASE PRICE DETERMINED AT THE TIME OF ISSUANCE.

General

The Board of Directors of the Company has approved, and the holders of a majority of the Company’s outstanding voting power have approved, the issuance by the Company of units, each consisting of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), and one warrant to purchase one share of Common Stock (the “Units”), to one or more investors in a transaction that is not a public offering.

The Units will be issued at a purchase price equal to at least 40% of the market price of the Company’s Units on the effective date of the Company’s registration statement on Form S-1. The exact purchase price and the number of Units to be issued will be determined at the time of issuance.

Nasdaq Listing Rule 5635(d)

Under Nasdaq Listing Rule 5635(d