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CIMG Inc. (NASDAQ: IMG) outlines $20M Upstarts on-chain crypto fund with iZUMi Finance

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

CIMG Inc. reported that it has entered into a non-binding Memorandum of Understanding with iZUMi Finance to collaborate on launching Upstarts Fund, an on-chain crypto fund aimed at helping corporate investors deploy capital into digital assets within a regulated and transparent framework. CIMG and iZUMi Finance together plan to commit $20 million to the Fund, signaling an expansion into the digital asset economy. The company emphasized that this arrangement is based on a non-binding MOU, with completion depending on due diligence, negotiation of definitive agreements, and customary closing conditions, so there is no assurance the transaction will be completed.

Positive

  • None.

Negative

  • None.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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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): September 19, 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.)

 

Room R2, FTY D, 16/F, Kin Ga Industrial Building,

9 San On Street, Tuen Mun, Hong Kong

(Address of principal executive offices)

 

+ 852 70106695

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 7.01 Regulation FD Disclosure.

 

On September 17, 2025, the Company issued a press release announcing that the Company intends to collaborate with iZUMi Finance to launch Upstarts Fund (the “Fund”), an on-chain Crypto fund designed to enable corporates to deploy capital into digital assets through a regulated and transparent framework. The Company and iZUMi Finance will jointly commit $20 million into the Fund, marking a milestone in bridging corporate capital with the digital asset economy. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.

 

The information set forth in this Item 7.01 and the attached Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except in the event that the Company expressly states that such information is to be considered filed under the Exchange Act or incorporates it by specific reference in such filing. The furnishing of this information hereby shall not be deemed an admission as to the materiality of any such information.

 

Item 8.01. Other Events.

 

On September 16, 2025, the Company entered into a non-binding Memorandum of Understanding (the “MOU”) to collaborate with iZUMi Finance to launch Upstarts Fund (the “Fund”), an on-chain Crypto fund designed to enable corporates to deploy capital into digital assets through a regulated and transparent framework. The Company and iZUMi Finance will jointly commit $20 million into the Fund, marking a milestone in bridging corporate capital with the digital asset economy.

 

Completion of the transaction is subject to, among other matters, the satisfactory completion of due diligence, the negotiation of definitive transaction documentation, and satisfaction of customary closing conditions Accordingly, there can be no assurance that the Definitive Agreement will be entered into or that the proposed transaction will be consummated.

 

Cautionary Note Regarding Forward-Looking Statements

 

This Current Report on Form 8-K includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company’s control. Such statements include, but not are not limited to, statements regarding the ability to sign the Definitive Agreement or complete the transaction contemplated by the MOU. The Company cautions that the forward-looking information presented in this Current Report is not a guarantee of future events, and that actual events and results may differ materially from those made in or suggested by the forward-looking information contained in this Current Report. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology. A number of important factors could cause actual events and results to differ materially from those contained in or implied by the forward-looking statements, including risks and uncertainties associated with market conditions and those risk factors set forth in the Company’s filings with the SEC, including the most recent Annual Report on Form 10-K. Any forward-looking information presented herein is made only as of the date of this Current Report, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events or otherwise.

 

Item 9.01 Financial Statement and Exhibits

 

(d) Exhibits.

 

Exhibit No.   Description
99.1   Press Release announcing CIMG Inc. Launches $20 Million Upstarts Fund with iZUMi Finance.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

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: September 19, 2025 By: /s/ Jianshuang Wang
  Name: Jianshuang Wang
  Title: Chief Executive Officer

 

 

 

FAQ

What did CIMG Inc. (IMG) announce in this 8-K filing?

CIMG Inc. disclosed that it signed a non-binding Memorandum of Understanding with iZUMi Finance to collaborate on launching Upstarts Fund, an on-chain crypto fund for corporate investors in digital assets.

How large is the planned Upstarts Fund mentioned by CIMG Inc. (IMG)?

CIMG Inc. stated that it and iZUMi Finance will jointly commit $20 million to the Upstarts Fund, which is described as a milestone in connecting corporate capital with the digital asset economy.

What is the purpose of the Upstarts Fund in CIMG Inc.’s (IMG) disclosure?

The Upstarts Fund is described as an on-chain crypto fund designed to enable corporates to deploy capital into digital assets through a regulated and transparent framework.

Is the agreement between CIMG Inc. (IMG) and iZUMi Finance final and binding?

No. CIMG Inc. made clear the Memorandum of Understanding is non-binding and that completion of the transaction depends on due diligence, definitive agreements, and customary closing conditions.

Can investors rely on this $20 million Upstarts Fund as a completed transaction for CIMG Inc. (IMG)?

CIMG Inc. cautioned that there can be no assurance a definitive agreement will be signed or that the proposed transaction will be completed, and included forward-looking statement warnings regarding this initiative.

How is the information about the Upstarts Fund treated for SEC purposes in CIMG Inc. (IMG)’s filing?

CIMG Inc. stated that the information under the Regulation FD item and the attached press release is being furnished, not filed, and is not subject to certain Exchange Act liabilities unless specifically incorporated by reference elsewhere.