Notification of Non-Compliance from Nasdaq

Rhea-AI Summary

CIMG Inc. (NASDAQ:IMG) has received a delinquency notification from Nasdaq on August 20, 2025, due to failing to file its Q2 2025 Form 10-Q on time. The notification cites non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports.

The company must submit additional information about this deficiency to the Nasdaq Hearings Panel by August 27, 2025, including the number of outstanding shares for each quarter. While CIMG plans to file the delayed Q2 2025 report soon, the notification currently has no immediate impact on its Nasdaq Capital Market listing status.

Positive

• No immediate effect on Nasdaq listing status

Negative

• Failure to file Q2 2025 Form 10-Q on time
• Non-compliance with Nasdaq listing requirements
• Required to submit additional documentation to Nasdaq Hearings Panel

News Market Reaction – IMG

+3.64%

36 alerts

+3.64% News Effect

+44.9% Peak Tracked

-12.5% Trough Tracked

+$490K Valuation Impact

$14M Market Cap

0.9x Rel. Volume

On the day this news was published, IMG gained 3.64%, reflecting a moderate positive market reaction. Argus tracked a peak move of +44.9% during that session. Argus tracked a trough of -12.5% from its starting point during tracking. Our momentum scanner triggered 36 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $490K to the company's valuation, bringing the market cap to $14M at that time.

Data tracked by StockTitan Argus on the day of publication.

BEIJING, Aug. 26, 2025 /PRNewswire/ -- CIMG Inc. ("CIMG" or the "Company") (Nasdaq: IMG), a business group specializing in digital health and sales development, which utilizes technology and marketing to enhance its partners' sales growth and commercial value, today announced on August 20, 2025, CIMG Inc. (the "Company") received a delinquency notification letter from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (the "Nasdaq") due to the Company's non-compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025.

The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. The Company per the delinquency notification letter must submit the number of shares issued and outstanding at the end of each quarter to the Nasdaq Listing Center. Additionally the Company must submit additional information regarding this deficiency to the Nasdaq Hearings Panel, in writing no later than August 27, 2025. The deficiency notice has no immediate effect on the listing or trading of the Company's common stock on The Nasdaq Capital Market.

The Company intends to file its Form 10-Q for the quarterly period ended June 30, 2025 as soon as possible.

About CIMG Inc.

CIMG Inc. is a global business group specializing in digital health and sales development. Utilizing technology and marketing (including MarTech and Multi-Channel Network), the Company enhances its partners' sales growth and commercial value. The company's brands include Kangduoyuan, Maca-Noni, Qianmao, Huomao, and Coco-mango.

Forward-Looking Statements

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 satisfy the continuing stock market listing standards and periodic reporting requirements, 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.

For more information, please contact:
http://www.ccmg.tech
ir@ccmg.tech 

View original content:https://www.prnewswire.com/news-releases/notification-of-non-compliance-from-nasdaq-302538456.html

SOURCE CIMG Inc.

FAQ

What caused CIMG (NASDAQ:IMG) to receive a Nasdaq non-compliance notice?

CIMG received the notice due to failing to file its Q2 2025 Form 10-Q (quarterly report) on time, violating Nasdaq Listing Rule 5250(c)(1).

Will CIMG (NASDAQ:IMG) be delisted from Nasdaq due to this notification?

The delinquency notification has no immediate effect on CIMG's listing or trading status on the Nasdaq Capital Market.

When does CIMG (NASDAQ:IMG) need to respond to the Nasdaq Hearings Panel?

CIMG must submit additional information regarding the deficiency to the Nasdaq Hearings Panel by August 27, 2025.

What does CIMG (NASDAQ:IMG) need to submit to Nasdaq?

CIMG must submit the number of shares issued and outstanding at the end of each quarter to the Nasdaq Listing Center, along with additional information about the filing deficiency.

When will CIMG (NASDAQ:IMG) file its delayed Q2 2025 Form 10-Q?

The company stated it intends to file its Form 10-Q for the quarter ended June 30, 2025, 'as soon as possible,' but no specific date was provided.