secwatch.observer — SEC 8-K summary
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Issuer:     CIMG Inc. (CIMG)
CIK:        0001527613
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001493152-26-007207
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CIMG Inc. raises $5M via convertible notes/warrants; $1.6M tranche closed Feb 13, 2026
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- Initial $1.6M tranche of $5M aggregate convertible notes closed on Feb 13, 2026; second $3.4M tranche contingent on S-1 filing.
- Notes bear 7% interest, mature Aug 12, 2027; convertible at floor price of $0.14 per share (10-day VWAP prior to conversion).
- Warrants exercisable at $0.57 per share, 3-year term; warrant coverage = principal divided by Minimum Price under Nasdaq rules.
- Conversion and exercise require shareholder approval under Nasdaq Listing Rule 5635; investors are non-U.S. under Regulation S.
- Company must file S-1 registration statement within 15 days after receiving full purchase price from initial closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527613/000149315226007207/0001493152-26-007207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527613/000149315226007207/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-007207

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