secwatch / observer

CIMG Inc. — fact timeline

Source-grounded facts extracted from CIMG Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

CIMG CIMG Inc. JSON
Earnings Releases

CIMG Inc. reported the quarterly period ended March 31, 2026 results: revenue $3.2 million.

“in the Asian market, and initially formed a synergistic development pattern between digital assets and new businesses. Total revenue for the quarter ended March 31, 2026 reached $3.2 million, representing substantial growth compared with the same period last year. Total revenue for the six months ended March 31, 2026 amounted to $18.9 million, surging 82,969% year”
Material Agreements

CIMG Inc. amended Amended and Restated Convertible Note and Warrant Purchase Agreement with certain non-U.S. investors valued at Amendment to convertible notes and warrants; second closing canceled; floor price $0.10 per share; A (effective 2026-03-21).

“On March 21, 2026, in light of the suspension of trading of the Company’s common stock on The Nasdaq Stock Market LLC, effective March 6, 2026, and its current quotation on the OTC market, the Company entered into an Amended and Restated Convertible Note and Warrant Purchase Agreement (the “A&R Purchase Agreement”) with the Investors, pursuant to which the Company issued and delivered to each Investor (i) an Amendment No. 1 to the applicable Original Note (each, a “Note Amendment,” and collectively, the “Note Amendments”) and (ii) an amended and restated warrant in replacement of the applicable Original Warrant (each, an “A&R Warrant,” and collectively, the “A&R Warrants”).”
Governance Changes

CIMG Inc.: Increased authorized common stock shares from 600,000,000 to 2,000,000,000 (effective 2026-03-05).

“On March 5, 2026, CIMG Inc. (the “ Company ”) filed a Certificate of Amendment to its Articles of Incorporation with the Nevada Secretary of State to increase the number of authorized shares of the Company’s common stock. The amendment increased the Company’s authorized shares of common stock from 600,000,000 shares to 2,000,000,000 shares, par value $0.00001 per share.”
Listing & Compliance Notices

CIMG Inc. received a nasdaq delisting notice notice regarding other (rules 5550(a)(2), 5250(c)(1), 5550(b)(1), 5620(a)).

“March 4, 2026, CIMG Inc. (the “Company”) received written notice from The Nasdaq Stock Market LLC (“Nasdaq”) that the Nasdaq Hearings Panel (the “Panel”) had determined to delist the Company’s common stock, par value $0.00001 per share (the “Common Stock”) from The Nasdaq Stock Market due to the Company’s failures to comply with Nasdaq Listing Rules 5550(a)(2), 5250(c)(1), 5550(b)(1), and 5620(a). Trading in the Company’s Common Stock was suspended at the open of trading on March 6, 2026. The Company has 15 calendar days from the date of the Panel’s decision to request that the Nasdaq Listing”
Material Agreements

CIMG Inc. amended Amended and Restated Equity Transfer Agreement with DZR Tech Limited, Shelei Jiang, Daren Business Technology Limited valued at zero cash consideration (effective 2026-02-27).

“On February 27, 2026, CIMG Inc. (the “Company”) entered into an Amended and Restated Equity Transfer Agreement (the “A&R Equity Transfer Agreement”) with DZR Tech Limited, a Hong Kong company and a wholly owned subsidiary of the Company (the “Purchaser”), Shelei Jiang, a Chinese individual (the “Seller”), and Daren Business Technology Limited, a company incorporated under the laws of the British Virgin Islands (the “Target”).”
Listing & Compliance Notices

CIMG Inc. received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).

“February 23, 2026, CIMG Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Nasdaq Hearings Panel (the “Panel”) will consider the Company’s non-compliance with Nasdaq Listing Rule 5250(c)(1), due to the Company’s failure to timely file its Quarterly Report on Form 10-Q for the period ended December 31, 2025 (the “Form 10-Q”), as an additional basis for the potential delisting of the Company’s securities from The Nasdaq Capital Market during the Panel’s monitor period. As previously disclosed, in a decision letter dated December 4, 2025, the Pa”
Auditor Changes

CIMG Inc. engaged ST & Partners PLT as its auditor.

“ngagement of New Independent Registered Public Accounting Firm On February 18, 2026, the Audit Committee approved the engagement of ST & Partners PLT (“ ST & Partners ”) as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2026. ST & Partners has been engaged to audit the Company’s consolidated financial statements for the fiscal year ending September 30, 2026 and to review the Company’s interim financial statements for the quarterly periods ending December 31, 2025, March 31, 2026, and June 30, 2026. During the Company’s fiscal years ended September 30, 2025 and September 30, 2024, and the subsequent interim period through the Company’s appointment of ST & Partners, neither the Company nor anyone acting on its behalf consulted with ST & Partners regarding: (i)”
Auditor Changes

CIMG Inc. dismissed Assentsure PAC as its auditor.

“ismissal of Former Independent Registered Public Accounting Firm On February 18, 2026, the Audit Committee of the Board of Directors (the “ Audit Committee ”) of CIMG Inc.(the “ Company ”) approved the dismissal of Assentsure PAC (“ Assentsure ”) as the Company’s independent registered public”
Listing & Compliance Notices

CIMG Inc. received a nasdaq compliance regained notice regarding late filing (rules 5250(c)(1)).

“February 13, 2026, the Company filed its Annual Report on Form 10-K for the fiscal year ended September 30, 2025 with the U.S. Securities and Exchange Commission. In addition, pursuant to Nasdaq Listing Rule 5815(d)(4)(A), the Company will be subject to a discretionary panel monitor for a period of one year from February 10, 2026. If, within that one-year monitoring period, the Nasdaq staff (the “Staff”) finds the Company again out of compliance with any Nasdaq listing rule, notwithstanding Rule 5810(c)(2), the Company will not be permitted to provide the Staff with a plan of compliance with r”
Listing & Compliance Notices

CIMG Inc. received a nasdaq compliance regained notice regarding minimum bid price (rules 5550(a)(2)).

“February 10, 2026, CIMG Inc. (the “Company”) received a letter from the Nasdaq Listing Qualifications Hearings office confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), the Minimum Bid Price Requirement. The Company remains subject to a Hearing Panel exception to demonstrate compliance with Nasdaq Listing Rule 5250(c)(1), the Periodic Filing Requirement. On February 13, 2026, the Company filed its Annual Report on Form 10-K for the fiscal year ended September 30, 2025 with the U.S. Securities and Exchange Commission. In addition, pursuant to Nasdaq Listing”
Equity Issuances

CIMG Inc. issued warrant to certain non-U.S. investors.

“The Purchase Agreement also provides for the issuance to the Investors of the Warrants to purchase shares of the Company’s common stock, at an exercise price of $0.57 per share, subject to adjustments in accordance with the terms and conditions of the Warrants.”
Equity Issuances

CIMG Inc. issued convertible note to certain non-U.S. investors for aggregate principal amount of $5,000,000.

“On February 11, 2026, CIMG Inc. (the “Company”) entered into a convertible note and warrant purchase agreement (the “Purchase Agreement”) with certain non-U.S. investors (the “Investors”), providing for the private placement of convertible promissory notes in the aggregate principal amount of $5,000,000 (the “Notes”) and warrants to purchase the Company’s shares of common stock (the “Warrants”) in reliance on the registration exemptions of Regulation S (the “Transaction”).”
Debt Financings

CIMG Inc. incurred convertible notes of aggregate principal amount of $5,000,000 with certain non-U.S. investors at annual rate of 7% maturing maturity date of August 12, 2027.

“On February 11, 2026, CIMG Inc. (the “Company”) entered into a convertible note and warrant purchase agreement (the “Purchase Agreement”) with certain non-U.S. investors (the “Investors”), providing for the private placement of convertible promissory notes in the aggregate principal amount of $5,000,000 (the “Notes”) and warrants to purchase the Company’s shares of common stock (the “Warrants”) in reliance on the registration exemptions of Regulation S (the “Transaction”).”
Material Agreements

CIMG Inc. entered into Purchase Agreement with certain non-U.S. investors valued at $5,000,000 (effective 2026-02-11).

“On February 11, 2026, CIMG Inc. (the “Company”) entered into a convertible note and warrant purchase agreement (the “Purchase Agreement”) with certain non-U.S. investors (the “Investors”), providing for the private placement of convertible promissory notes in the aggregate principal amount of $5,000,000 (the “Notes”) and warrants to purchase the Company’s shares of common stock (the “Warrants”) in reliance on the registration exemptions of Regulation S (the “Transaction”).”
Listing & Compliance Notices

CIMG Inc. received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).

“January 22, 2026, CIMG Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Nasdaq Hearings Panel (the “Panel”) will consider an additional basis for the potential delisting of the Company’s securities from The Nasdaq Capital Market during the its panel monitor period because the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the Company’s failure to timely file its Annual Report on Form 10-K for the fiscal year ended September 30, 2025. In a decision letter dated December 4, 2025, the Panel imposed a Mandatory Panel Mo”
Material Agreements

CIMG Inc. entered into China Merchants Bank IT Equipment Procurement Framework Contract with China Merchants Bank Co., Ltd. valued at approximately RMB 752.2 million (approximately USD 106.5 million) (effective 2025-12-12).

“On December 12, 2025, the Company, through its wholly owned subsidiary Zhongyan Shangyue Technology Co., Ltd. (“Zhongyan Shangyue”), entered into a China Merchants Bank IT Equipment Procurement Framework Contract (the “IT Equipment Procurement Framework Contract”) with China Merchants Bank Co., Ltd. (“CMB”).”
Material Agreements

CIMG Inc. entered into Bitcoin Purchase Agreement with Lordan Group Ltd. valued at approximately USD 24.61 million (effective 2025-10-20).

“On October 20, 2025, CIMG Pte. Ltd., a Singapore limited liability company and a wholly owned subsidiary of CIMG Inc. (the “Company”), entered into a Bitcoin Purchase Agreement (the “Bitcoin Purchase Agreement”) with Lordan Group Ltd., as seller, pursuant to which CIMG Pte. Ltd. agreed to purchase an aggregate of 230 Bitcoin (BTC) from the seller.”
Governance Changes

CIMG Inc.: Filed a Certificate of Change to the Articles of Incorporation to effect a 1-for-20 reverse stock split, effective December 5, 2025 (effective 2025-12-05).

“On December 2, 2025, CIMG Inc. (the “Company”) filed a Certificate of Change to the Articles of Incorporation of the Company with the Secretary of State of the State of Nevada (the “Certificate of Change”) that provides for a 1-for-20 reverse stock split (the “Split”) of its shares of common stock, par value $0.00001 per share (the “Common Stock”) that became effective at 12:01 a.m. on December 5, 2025.”
Governance Changes

CIMG Inc.: Increased authorized common stock from 200,000,000 to 600,000,000 shares and made corresponding change to authorized capital stock (effective 2025-10-28).

“On October 28, 2025, CIMG Inc, a Nevada corporation (the “ Company ”) filed a Certificate of Amendment (the “ Certificate of Amendment ”) to the Company’s Articles of Incorporation (the “ Articles of Incorporation ”) with the Secretary of State of Nevada to increase the number of authorized shares of the Company’s common stock, par value $0.00001 per share (the “ Common Stock ”) from 200,000,000 to 600,000,000 and to make a corresponding change to the number of authorized shares of capital stock, effective as of 11:00 a.m. (New York time) on October 28, 2025 (the “ Increase of Authorized Shares ”).”
Debt Financings

CIMG Inc. incurred convertible notes of $4,000,000 with certain non U.S. investors at 7% maturing August 31, 2026.

“providing for the private placement of convertible promissory notes in the aggregate principal amount of $4,000,000”
Listing & Compliance Notices

CIMG Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).

“July 17, 2025, CIMG Inc. (Nasdaq: IMG) (the “Company”) received an additional delist determination letter from Nasdaq (“Nasdaq Delist Determination Letter”). On January 14, 2025, Nasdaq notified the Company that the bid price of its listed security had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5550(a)(2) (the “Rule”). In accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until July 14, 2025, to regain compliance with the Rule. The Company has not regained compliance”
Listing & Compliance Notices

CIMG Inc. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).

“June 27, 2025, CIMG Inc. (Nasdaq: IMG) (the “Company”) received a delist determination letter from Nasdaq (“Nasdaq Delist Determination Letter”). On January 13, 2025, February 19, 2025 and May 19, 2025, Nasdaq notified the Company that it did not comply with Nasdaq’s filing requirements set forth in Listing Rule 5250(c)(1) (the “Rule”) because it had not filed its Form 10-K for the year ended September 30, 2024 (the “Initial Delinquent Filing”), and its Forms 10-Q for the periods ended December 31, 2024, and March 31, 2025 (the “Forms 10-Q”), respectively. As previously disclosed, Nasdaq had g”
Listing & Compliance Notices

CIMG Inc. received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).

“May 19, 2025, the Company received a notice (the “Quarterly Report Notice”) from NASDAQ indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) because the Company did not timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2025 with the Securities and Exchange Commission (the “SEC”). The Quarterly Report Notice has no immediate effect on the listing of the Company’s stock on Nasdaq. Previously, NASDAQ had granted the Company an exception until June 13, 2025, to file its delinquent Form 10-K for the period ended September 30, 2024 (the “In”

Xiaocheng Hao was appointed as Chief Operating Officer at CIMG Inc..

“Effective April 30, 2025, Mr. Xiaocheng Hao was appointed by the Board of Directors (the “Board”) to the position of Chief Operating Officer of CIMG, Inc. (the “Company”).”
Listing & Compliance Notices

CIMG Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

“February 19, 2025, CIMG Inc. (the “Company”) received a notification letter (the “Periodic Report Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Listing Rule 5250(c)(1) because the Company did not timely file its quarterly report on Form 10-Q for the period ended December 31, 2024 with the Securities and Exchange Commission (the “SEC”). The Periodic Report Notice has no immediate effect on the listing of the Company’s common stock on Nasdaq. In accordance with the earlier deficiency notice lett”
Auditor Changes

CIMG Inc. engaged Assentsure PAC as its auditor.

“anuary 20, 2025, the Company appointed Assentsure PAC (“Assentsure”) to serve as the Company’s independent registered”
Auditor Changes

CIMG Inc. dismissed MaloneBailey, LLP as its auditor.

“Changes in Registrant’s Certifying Accountant Termination of Current Independent Registered Public Accounting Firm The Audit Committee (the “Audit Committee”) of the Board of Directors of CIMG Inc. (the “Company”) has approved the termination of MaloneBailey, LLP (“MaloneBailey”) as its independent registered public accounting firm, effective January”
Listing & Compliance Notices

CIMG Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“January 14, 2025, CIMG Inc. (the “Company”) received a notification letter (the “Minimum Bid Price Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“NASDAQ”) indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2). Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for”
Listing & Compliance Notices

CIMG Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“January 14, 2025, CIMG Inc. (the “Company”) received a notification letter (the “Minimum Bid Price Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“NASDAQ”) indicating that the Company”

Jian Liu resigned as Director at CIMG Inc..

“On January 9, 2025, Jian Liu, a member of the Board of Directors (the “Board”) of CIMG Inc. (the “Company”), notified the Company of his resignation from the Board, including his positions as a member of the audit committee, compensation committee, and nominating and corporate governance committee, effective immediately.”
Governance Changes

CIMG Inc.: On October 22, 2024, the Company filed a Certificate of Amendment to its Articles of Incorporation to change its corporate name from Nuzee, Inc. to CIMG Inc., effective October 31, 2024 (effective 2024-10-31).

“On October 22, 2024, Nuzee, Inc. (the “Company” or “we”) filed with the Secretary of State of the State of Nevada a Certificate of Amendment to our Articles of Incorporation to change our corporate name from Nuzee, Inc. to CIMG Inc., effective October 31, 2024.”

Zhanzhan Shi was appointed as Acting Chief Financial Officer at CIMG Inc..

“On September 4, 2024, the Board of Directors (the “Board”) of NuZee, Inc. (the “Company”) appointed Ms. Zhanzhan Shi to be the Company’s new Acting Chief Financial Officer, effective immediately.”

Randell Weaver departed as Co-Chief Executive Officer and Chief Financial Officer at CIMG Inc..

“The employment of our Co-Chief Executive Officer and Chief Financial Officer, Randell Weaver, concluded on August 31, 2024, in accordance with the terms of the Second Amended and Restated Employment Agreement between NuZee, Inc. (the “Company”) and Mr. Weaver, dated June 7, 2024, as previously disclosed in the Company’s Form 8-K filed on June 7, 2024.”

Zongmei Huang was appointed as Director at CIMG Inc..

“Also on June 19, 2024, Jian Liu and Zongmei Huang were appointed to the Board as directors to fill the vacancies created by Mr. Jones’ and Mr. Robson ’s resignations.”

Jian Liu was appointed as Director at CIMG Inc..

“Also on June 19, 2024, Jian Liu and Zongmei Huang were appointed to the Board as directors to fill the vacancies created by Mr. Jones’ and Mr. Robson ’s resignations.”

David G. Robson resigned as Director at CIMG Inc..

“On June 18, 2024, J. Chris Jones, and on June 19, 2024, David G. Robson, resigned from the board of directors (the “Board”) of NuZee, Inc. (the “Company”) and each committee of the Board of which they were a member.”

J. Chris Jones resigned as Director at CIMG Inc..

“On June 18, 2024, J. Chris Jones, and on June 19, 2024, David G. Robson, resigned from the board of directors (the “Board”) of NuZee, Inc. (the “Company”) and each committee of the Board of which they were a member.”

Randell Weaver was appointed as Co-Chief Executive Officer, Secretary, Treasurer at CIMG Inc..

“Further, effective on June 6, 2024, Ms. Wang and Randell Weaver, the existing Chief Financial Officer, Chief Operating Officer, and President of the Company, were both appointed to the Company as Co-Chief Executive Officers to fill the vacancy created by Mr. Higashida’s resignation. Mr. Weaver will also serve as Secretary and Treasurer to fill the vacancies created by Mr. Higashida’s resignation.”

Yanli Hou was appointed as Director at CIMG Inc..

“Also on June 6, 2024, Jianshuang Wang and Yanli Hou were appointed to the Board as directors to fill the vacancies created by Mr. Higashida’s and Mr. Conner’s resignations.”

Jianshuang Wang was appointed as Director, Chairman of the Board, Co-Chief Executive Officer at CIMG Inc..

“Also on June 6, 2024, Jianshuang Wang and Yanli Hou were appointed to the Board as directors to fill the vacancies created by Mr. Higashida’s and Mr. Conner’s resignations. It has not yet been determined on which committees of the Board Ms. Wang or Ms. Hou will serve, however, Ms. Wang will serve as the Chairman of the Board.”

Kevin J. Conner resigned as Director at CIMG Inc..

“On June 6, 2024, Masateru Higashida and Kevin J. Conner resigned from the board of directors of the Company (the “Board”) and any committee of the Board of which they were a member .”

Masateru Higashida resigned as Chairman, Chief Executive Officer, Secretary, Treasurer at CIMG Inc..

“On June 6, 2024, Masateru Higashida and Kevin J. Conner resigned from the board of directors of the Company (the “Board”) and any committee of the Board of which they were a member . Mr. Higashida also resigned from his positions of Chairman of the Board, Chief Executive Officer, Secretary, and Treasurer.”
Debt Financings

CIMG Inc. incurred convertible notes of $320,000 with certain investors at 7% maturing one-year following the issuance date.

“the “Purchase Agreement”) with certain investors (the “Investors”), providing for the private placement of convertible”
Material Agreements

CIMG Inc. entered into Purchase Agreement with certain investors valued at $320,000 (effective 2024-04-27).

“On April 27, 2024, NuZee, Inc., a Nevada corporation (the “Company”), entered into a convertible note and warrant purchase agreement (the “Purchase Agreement”) with certain investors (the “Investors”), providing for the private placement of convertible promissory notes in the aggregate principal amount of $320,000 (the “Notes”) and warrants (the “Warrants”) to purchase up to an aggregate of 221,147 shares of the Company’s common stock”

Changzheng Ye was appointed as director at CIMG Inc..

“Changzheng Ye was appointed to the Board as a director to fill the vacancy created by Mr. Kurita’s resignation.”

Nobuki Kurita resigned as director at CIMG Inc..

“Nobuki Kurita resigned from the board of directors of the Company (the “Board”) and any committee of the Board of which he was a member .”
Listing & Compliance Notices

CIMG Inc. received a nasdaq extension granted notice regarding stockholders equity (rules 5550(b)).

“April 9, 2024 letter from Nasdaq granting an extension of time to regain compliance with Nasdaq Listing Rule 5550(b) until June 14, 2024. Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On January 23, 2024, NuZee, Inc. (the “Company”) received notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) advising the Company that it is not in compliance with the minimum stockholders’ equity requirement for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(1) requires companies listed on The Nasdaq Capi”
Listing & Compliance Notices

CIMG Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

“January 23, 2024, NuZee, Inc. (the “Company”) received notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) advising the Company that it is not in compliance with the minimum stockholders’ equity requirement for continued listing on The Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(1) requires companies listed on The Nasdaq Capital Market to maintain stockholders’ equity of at least $2,500,000 (the “Stockholders’ Equity Requirement). Pursuant to the Notice, Nasdaq gave the Company 45 calendar days to submit to Nasdaq a plan to regain compliance. The Company timely submitted i”
Listing & Compliance Notices

CIMG Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

“February 22, 2024, NuZee, Inc. (the “Company”) received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (“Rule 5250(c)(1)) because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2023 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”). The Notice has no immediate effect on the listing of the Company’s stock on Nasdaq, and it states that the Company is required to submit a plan to regain compliance with Rule 5250(c)(”
Listing & Compliance Notices

CIMG Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

“January 23, 2024, NuZee, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications staff of The Nasdaq Stock Market (“Nasdaq”) notifying the Company that the Company’s stockholders’ equity as reported in its Annual Report on Form 10-K for the period ended September 30, 2023 (“Form 10-K”), did not satisfy the continued listing requirement under Nasdaq Listing Rule 5550(b)(1) for the Nasdaq Capital Market, which requires that a listed company’s stockholders’ equity be at least $2,500,000. In its Form 10-K, the Company reported stockholders’ equity of $1,674,357, and”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.