secwatch.observer — SEC 8-K summary
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Issuer:     CIMG Inc. (CIMG)
CIK:        0001527613
Form:       8-K
Filed at:   2026-03-05T23:59:59+00:00
Accession:  0001493152-26-008993
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud

CIMG Inc. acquires Daren Business Technology for zero cash; up to 74.5M shares as performance award
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- CIMG Inc. (Nasdaq: IMG) entered into an Amended and Restated Equity Transfer Agreement to acquire 100% of Daren Business Technology Limited for zero cash consideration.
- Seller Shelei Jiang will receive up to 74,487,896 performance-based shares of CIMG common stock, subject to stockholder approval under Nasdaq Rule 5635.
- Performance shares are tied to audited revenue targets from April 2026 to September 2029, with milestones from RMB 200M to RMB 1.8B.
- Closing expected by March 31, 2026; shares if issued would represent a significant percentage of outstanding stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527613/000149315226008993/0001493152-26-008993-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527613/000149315226008993/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-008993

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