CIMG Inc. has announced a 20-for-1 reverse stock split of its common stock.
The reverse stock split will be effective on December 5, 2025.
This strategic move aims to maintain compliance with Nasdaq's listing requirements.
Reverse Stock Split
Approved a 20-for-1 reverse stock split of common stock.
Symbol and Trading
Common stock to trade on Nasdaq under symbol 'IMG' on a split-adjusted basis.
Reduced Shares
Issued shares to be reduced from 309,667,840 to approximately 15,483,392.
Fractional Shares
No fractional shares issued, rounding up to the next whole number.
Strategic Plan
Reverse split part of the long-term plan to strengthen capital structure.
- The reverse stock split aims to ensure compliance with Nasdaq's listing requirements.
- It will result in a reduced number of issued shares and a consolidated capital structure.
CIMG Inc.'s decision to implement a reverse stock split reflects a strategic move towards maintaining Nasdaq compliance and enhancing long-term capital structure.