secwatch.observer — SEC 8-K summary
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Issuer:     CIMG Inc. (CIMG)
CIK:        0001527613
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001493152-24-017565
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NuZee raises $320K via convertible notes/warrants; board member resigns, Ye appointed
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- Aggregate principal of $320,000 convertible notes at 7% annual interest, one-year maturity.
- Warrants to purchase up to 221,147 shares at $1.322 per share, exercisable for two years.
- Conversion price of $1.447 per share, calculated per Nasdaq Listing Rule 5635(d) minimum price.
- Nobuki Kurita resigned from board; Changzheng Ye appointed as director effective May 2, 2024.
- Notes and warrants issued in unregistered private placement under Section 4(a)(2) and Regulation S.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527613/000149315224017565/0001493152-24-017565-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527613/000149315224017565/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-017565

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