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    CIMG Inc. filed SEC Form 8-K: Other Events

    3/14/25 1:10:35 PM ET
    $IMG
    Other Specialty Stores
    Consumer Discretionary
    Get the next $IMG alert in real time by email
    false 0001527613 0001527613 2025-03-10 2025-03-10 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    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): March 10, 2025

     

    CIMG Inc.

    (Exact name of registrant as specified in its charter)

     

    Nevada   001-39338   38-3849791

    (State or other jurisdiction

    of incorporation or organization

     

    (Commission

    File No.)

     

    (IRS Employer

    Identification No.)

     

    107, 6th Floor, Building C4, No.1 Huangchang West Road,

    Dougezhuang, Chaoyang District, Beijing

     

    (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 communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
       
    ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
       
    ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
       
    ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities 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 8.01 Other Events

     

    On March 10, 2025, Zhongyan Shangyue Technology Co., Ltd. (“Zhongyan”), CIMG Inc.’s (the “Company”) wholly-owned subsidiary, entered into a Business Cooperation Intent Agreement (the “Agreement”) with Shanghai Huomao Cultural Development Co., Ltd. (“Huomao”). Pursuant to the Agreement, the three shareholders of Huomao intend to transfer an aggregate of 51% of their equity interest in Huomao to Zhongyan (the “Transfer”) in exchange for 200,000 shares of CIMG’s common stock, par value $0.00001 per share (“Common Stock”), to be issued to the designated parties. The Common Stock shall be subject to a six-month lock-up period. The parties to the Agreement plan to consummate the Transfer within 15 calendar days from the date of the Agreement.

     

    Upon completion of the Transfer, Huomao’s employees shall be integrated into the Company’s corporate group, and both parties agree that Mr. Xiaocheng Hao shall be appointed as Chief Executive Officer of Huomao, continuing to oversee Huomao’s daily operations. Additionally, the parties agree to establish a decision-making committee, which shall unanimously approve any Huomao’s transaction exceeding RMB 200,000. The committee shall comprise three members: Ms. Yanli Hou nominated by Zhongyan, Mr. Xiaocheng Hao, and Ms. Hongfang Xie nominated by Huomao.

     

    Furthermore, the parties propose that CIMG grant incentive shares to Huomao’s employees based on Huomao’s sales performance following the completion of the Transfer, with the specific performance criteria and the terms of such incentive share grants to be determined through future agreements.

     

     

     

     

    SIGNATURE

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

     

      CIMG Inc.
         
    Dated: March 14, 2025 By: /s/ Jianshuang Wang
      Name: Jianshuang Wang
      Title: Chief Executive Officer

     

     

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