secwatch.observer — SEC 8-K summary
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Issuer:     CIMG Inc. (CIMG)
CIK:        0001527613
Form:       8-K
Filed at:   2025-08-27T23:59:59+00:00
Accession:  0001641172-25-025666
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CIMG to issue 220M shares for $55M in bitcoin via Reg S private placement
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- 220M shares at $0.25/share; 148.1M issuable immediately, 71.9M pending shareholder approval to increase authorized shares.
- Bitcoin purchase price based on 7-day avg of $110,000 per BTC; closing expected by Sept 2, 2025.
- Current outstanding shares ~36.4M; issuance will significantly increase share count and cause dilution.
- Shares sold to non-U.S. investors under Regulation S; restricted and not registered under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527613/000164117225025666/0001641172-25-025666-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527613/000164117225025666/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-025666

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