debt
confidence high
sentiment neutral
materiality 0.70
CIMG Inc. enters $4M convertible note agreement; 7% interest, conversion at $0.24
CIMG Inc.
- Aggregate principal $4M; 7% annual interest; maturity Aug 31, 2026; conversion price $0.24 per share.
- Sale to non-U.S. investors under Regulation S; closing scheduled for Sept 5, 2025.
- Company to file Form S-1 registration statement for resale of conversion shares within 60 business days after effective date.
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