CIMG Inc. Announces $8.7M Private Placement of 3B Shares

What Happened

• CIMG Inc. announced on September 24, 2026 that it entered into a Securities Purchase Agreement to sell an aggregate of 3,000,000,000 shares of common stock at $0.0029 per share, for gross proceeds of $8.7 million.
• The agreement is with certain non‑U.S. investors and allows payment in U.S. dollars or Bitcoin. The company expects closing within five business days after the agreement date, subject to customary closing conditions.

Key Details

• Number of shares: 3,000,000,000 common shares (par value $0.00001).
• Price per share: $0.0029; aggregate gross proceeds: $8.7 million.
• Payment options: U.S. dollars or Bitcoin per the agreement.
• Offering structure: Intended to be sold offshore to non‑U.S. persons relying on Regulation S; the shares are not registered under the Securities Act and cannot be offered or sold in the U.S. absent registration or an available exemption.

Why It Matters

• This is a capital raise that provides CIMG with up to $8.7M in gross proceeds, which can affect the company’s liquidity and ability to fund operations or strategic initiatives.
• Issuing 3 billion new shares at a low price is potentially dilutive to existing shareholders, since it increases the total share count significantly.
• Use of Regulation S means the sale targets non‑U.S. investors and the shares remain unregistered in the U.S.; accepting Bitcoin as payment introduces an alternative settlement method noted in the agreement.