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PRNewsWire
1 month ago
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 Company's Digital Asset Reserves
BEIJING , Aug. 27, 2025 /PRNewswire/ -- CIMG Inc. ("CIMG" or the "Company") (Nasdaq: IMG), a business group specializing in digital health and sales development, which utilizes technology and marketing to enhance its partners' sales growth and commercial value, today announced it has entered into a definitive Securities Purchase Agreement pursuant to which it will sell $55,000,000 of its common stock in exchange for 500 Bitcoin from nine non-U.S. investors at a purchase price of $0.25 per shares or $110,000 per Bitcoin. Pursuant to the Securities Purchase Agreement, , the Company will issue 220 million shares of common stock to the investors.