CIMG Inc. (NASDAQ: NUZE) gains conditional Nasdaq listing with 2025 deadline
Rhea-AI Filing Summary
CIMG Inc. reports that a Nasdaq Hearings Panel has granted its request to continue listing its common stock on The Nasdaq Stock Market, subject to specific conditions. The company must regain compliance with Nasdaq’s Periodic Filing Rule and demonstrate compliance with the Equity Rule by September 30, 2025. During this exception period, CIMG must promptly report any significant events that could affect its compliance with Nasdaq requirements. The Letter also notes that Nasdaq’s Listing and Hearing Review Council may review the Panel’s decision within 45 calendar days and may affirm, modify, reverse, dismiss, or remand the decision.
Positive
- None.
Negative
- Nasdaq listing at risk if conditions missed: CIMG must regain compliance with the Periodic Filing Rule and demonstrate compliance with the Equity Rule by September 30, 2025 to avoid potential delisting review.
Insights
CIMG keeps Nasdaq listing for now but faces hard compliance deadlines.
The Panel’s decision allows CIMG Inc. to retain its Nasdaq listing, but only if it cures key deficiencies. The company must regain compliance with the Periodic Filing Rule and demonstrate compliance with the Equity Rule by
The exception period comes with tighter oversight, requiring prompt updates on any significant events affecting compliance with Nasdaq requirements. The Letter also explains that the Nasdaq Listing and Hearing Review Council can, within 45 calendar days of the written decision, affirm, modify, reverse, dismiss, or remand the Panel’s decision, adding another layer of uncertainty.
Forward-looking language in the disclosure underscores that there is no assurance CIMG will regain or maintain compliance or obtain further relief from delisting. Future company disclosures will clarify whether the capital-raising initiatives and revenue contracts described to the Panel are sufficient to meet the equity and filing requirements by the stated deadline.
FAQ
What did CIMG Inc. (NUZE) announce about its Nasdaq listing status?
CIMG Inc. disclosed that a Nasdaq Hearings Panel granted its request to continue listing on The Nasdaq Stock Market, but only if it meets specified compliance conditions set out in a written Letter.
What conditions must CIMG Inc. (NUZE) meet to remain listed on Nasdaq?
The company must regain compliance with the Periodic Filing Rule and demonstrate compliance with the Equity Rule by September 30, 2025, while promptly reporting any significant events affecting its compliance.
Which Nasdaq rules are referenced in CIMG Inc.’s update?
The disclosure references Listing Rules 5550(a)(2) (Bid Price Rule), 5250(c)(1) (Periodic Filing Rule), and 5550(b)(1) (Equity Rule), with current conditions focused on the Periodic Filing Rule and Equity Rule.
Can the Nasdaq Listing and Hearing Review Council change the Panel’s decision for CIMG Inc. (NUZE)?
Yes. The Letter states the Listing Council may, on its own motion, review the Panel’s decision within 45 calendar days, and may affirm, modify, reverse, dismiss, or remand that decision.
What risks does CIMG Inc. (NUZE) highlight regarding its Nasdaq compliance plan?
The company cautions there is no assurance Nasdaq will accept its plan, that it will regain compliance with the Listing Rules during any compliance period or in the future, or that Nasdaq will grant any needed relief from delisting.
How does CIMG Inc. (NUZE) describe the role of capital raises in its Nasdaq compliance efforts?
The Letter’s summary notes that CIMG presented a compliance plan to the Panel that includes current and future capital raises and new revenue-raising contracts as part of its strategy to meet Nasdaq requirements.