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CIMG Inc. (NASDAQ:IMG) announced it has entered into a convertible note purchase agreement with certain non-U.S. investors for the private placement of convertible promissory notes totaling $4 million. The agreement was signed on August 21, 2025, according to a statement in a press release and a filing with the Securities and Exchange Commission.
The notes will bear interest at an annual rate of 7% and are set to mature on August 31, 2026. The closing of the transaction is scheduled for September 5, 2025, pending the satisfaction of all closing conditions.
The notes are convertible into shares of CIMG Inc.’s common stock at a conversion price of $0.24 per share, with the price subject to adjustment in accordance with the terms of the notes.
The securities are being offered in reliance on the registration exemptions of Regulation S, meaning the offering is directed at investors outside the United States and will not be registered under the Securities Act of 1933.
The company’s common stock is listed on The Nasdaq Stock Market LLC under the ticker symbol IMG.
This information is based on a press release statement and the company’s filing with the SEC.
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