CIMG Inc. (CIMG): Nasdaq/NYSE listing notice — NuZee receives Nasdaq equity deficiency notice; stockholders' equity $1.67M vs $2.5M minimum

CIMG Inc.

Stockholders' equity of $1,674,357 as of Sep 30, 2023, below Nasdaq's $2.5M minimum requirement.
Company has 45 days to submit a compliance plan to regain compliance with Listing Rule 5550(b)(1).
If plan accepted, Nasdaq may grant up to 180 calendar days from Jan 23, 2024 to evidence compliance.
Nasdaq notice has no immediate effect on listing; NUZE continues trading on Nasdaq Capital Market.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

CIMG Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

January 23, 2024, NuZee, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that the Company’s stockholders’ equity as reported in its Annual Report on Form 10-K for the period ended September 30, 2023 (“Form 10-K”), did not satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1) for the Nasdaq Capital Market, which requires that a listed company’s stockholders’ equity be at least $2,500,000. In its Form 10-K, the Company reported stockholders’ equity of $1,674,357, and

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CIMG Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-003937

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