CIMG Inc. sells $55 million common stock for 500 Bitcoin, bolstering digital asset reserves.

CIMG Inc. has entered into a Securities Purchase Agreement to sell $55 million of common stock in exchange for 500 Bitcoin from nine non-U.S. investors. The transaction is expected to settle in early September and marks a significant milestone in the company's strategic transformation. The move reflects CIMG's commitment to innovation in digital asset management and its new dual-pillar strategy focusing on cryptocurrency reserves and wellness industries.

CIMG Inc. (Nasdaq: IMG), a global business group specializing in digital health and sales development, has announced a significant strategic move. The company has entered into a Securities Purchase Agreement to sell $55 million of its common stock in exchange for 500 Bitcoin from nine non-U.S. investors. The transaction, expected to settle in early September, marks a substantial milestone in CIMG's strategic transformation.

The deal involves the issuance of 220 million shares of common stock to the investors at a purchase price of $0.25 per share or $110,000 per Bitcoin. This move reflects CIMG's commitment to innovation in digital asset management and its new dual-pillar strategy focusing on cryptocurrency reserves and wellness industries [1].

Receiving payment in Bitcoin underscores CIMG's proactive approach to embracing new technologies and expanding its strategic capabilities in a rapidly evolving global economy. The transaction positions the company at the forefront of blockchain and digital asset innovation, particularly amid increasing macroeconomic uncertainty [1].

CIMG's Board of Directors believes that investing in Bitcoin offers a unique opportunity to gain exposure to digital assets and emerging technologies beyond traditional operating and investment frameworks. The company's brands, including Kangduoyuan, Maca-Noni, Qianmao, Huomao, and Coco-mango, are set to benefit from this strategic shift [1].

The move comes amidst financial challenges faced by CIMG, as indicated by its negative EBITDA of $10.02 million and rapidly diminishing cash reserves. However, the company's strategic partnership with FLock Technology Holdings, which involves the development of an AI-assisted wellness monitoring and recommendation product called LifeNode, suggests a proactive approach to diversifying revenue sources [2].

CIMG's recent delisting notice from The Nasdaq Stock Market further underscores the company's need to regain compliance with listing requirements. The company was given 180 calendar days to meet the minimum bid price requirement but has not yet done so [2].

In conclusion, CIMG Inc.'s move to bolster its digital asset reserves with 500 Bitcoin represents a strategic shift aimed at innovation and diversification. The company's ability to navigate these challenges will be crucial for its future success.

References:
[1] https://www.morningstar.com/news/pr-newswire/20250827cn60460/cimg-inc-announces-the-execution-of-securities-purchase-agreement-for-the-sale-of-55-million-its-common-stock-in-exchange-for-500-bitcoin-bolstering-the-companys-digital-asset-reserves
[2] https://www.investing.com/news/company-news/cimg-signs-mou-with-flock-for-ai-wellness-product-development-93CH-4210904