8-K
CIMG Inc. (CIMG)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 19, 2025
CIMGInc.
(Exact name of registrant as specified in its charter)
| Nevada | 001-39338 | 38-3849791 |
|---|---|---|
| (State<br> or other jurisdiction<br><br> <br><br><br> <br>of<br> incorporation or organization | (Commission<br><br> <br><br><br> <br>File<br> #) | (IRS<br> Employer<br><br> <br><br><br> <br>Identification<br> No.) |
6107,6th Floor, Building C4, No.1 Huangchang West Road,
Dougezhuang,Chaoyang District, Beijing, China, 100124
(Address of principal executive offices)
+
86 18518579917 (Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
|---|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
| Securities<br> registered pursuant to Section 12(b) of the Act: | ||
| --- | ||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| --- | --- | --- |
| Common Stock, $0.00001 par value | IMG | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
|---|
PeriodicReport Deficiency
On February 19, 2025, CIMG Inc. (the “Company”) received a notification letter (the “Periodic Report Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Listing Rule 5250(c)(1) because the Company did not timely file its quarterly report on Form 10-Q for the period ended December 31, 2024 with the Securities and Exchange Commission (the “SEC”).
The Periodic Report Notice has no immediate effect on the listing of the Company’s common stock on Nasdaq. In accordance with the earlier deficiency notice letter from Nasdaq dated January 17, 2025 disclosed in the Company’s current report on Form 8-K filed on January 21, 2025, the Company has until March 18, 2025 to submit a plan to regain compliance with respect to the delinquent reports. Any exception granted by Nasdaq to allow the Company to regain compliance, if granted, will be limited to a maximum of 180 calendar days from the due date of the initial delinquent filing, or July 14, 2025. As required by the Periodic Report Notice, the Company has issued a press release in the form in Exhibit 99.1.
Due to business and management restructuring, the Company needs additional time to complete its financial statements, notes to the financial statements, as well as to have the report reviewed by its accountants and attorneys. The Company continues to work diligently to enable the filing of the Form 10-Q with the SEC as soon as reasonably practicable.
| Item 9.01 | Financial Statement and Exhibits |
|---|
(d)Exhibits.
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release dated February 24, 2025 |
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL). |
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| CIMG<br> Inc. | ||
|---|---|---|
| Dated:<br> February 24, 2025 | By: | /s/ Jianshuang Wang |
| Name: | Jianshuang<br> Wang | |
| Title: | Chief<br> Executive Officer |
Exhibit 99.1
CIMGInc. Received Letters from Nasdaq regarding Deficiencies in the Periodic Report
Beijing, China, February 24, 2025 — CIMG Inc. (“CIMG” or the “Company”) (NASDAQ: IMG), a company with a heritage in specialty coffee and an emerging business in broader consumer food and beverage products, announced that it received letters from Nasdaq regarding deficiencies in the periodic report.
PeriodicReport Deficiency
On February 19, 2025, the Company received a notification letter (the “Periodic Report Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Listing Rule 5250(c)(1) because the Company did not timely file its quarterly report on Form 10-Q for the period ended December 31, 2024 with the Securities and Exchange Commission (the “SEC”). The Periodic Report 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 the earlier deficiency notice letter from Nasdaq dated January 17, 2025 disclosed in the Company’s current report on Form 8-K filed on January 21, 2025, the Company has until March 18, 2025 to submit a plan to regain compliance with respect to the delinquent reports. Any exception granted by Nasdaq to allow the Company to regain compliance, if granted, will be limited to a maximum of 180 calendar days from the due date of the initial delinquent filing, or July 14, 2025.
Due to business and management restructuring, the Company needs additional time to complete its financial statements, notes to the financial statements, as well as to have the report reviewed by its accountants and attorneys. The Company continues to work diligently to enable the filing of the Form 10-Q with the SEC as soon as reasonably practicable.
AboutCIMG Inc.
CIMG Inc. is a digital marketing, sales and distribution company for various consumer products with focuses on food and beverages. Dedicated to reshaping the digital marketing and distribution with technological applications, the Company endeavors to create greater commercial value for its business partners and therefore enhance its own enterprise value and shareholders’ value of their stake in the Company. The Company has a professional branding and marketing management system, which can quickly help partnering enterprises achieve their connection, management, and operation of marketing channels globally.
Forward-LookingStatements
This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary for its operations, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.
Formore information, please contact:
http://www.ccmg.tech
ir@ccmg.tech