Nasdaq Files Form 25 to Delist CIMG Inc. Common Stock

What happened

Nasdaq Stock Market LLC filed a Form 25 with the Securities and Exchange Commission on Sept. 17, 2026 to remove CIMG Inc.'s common stock from listing and from registration on the exchange, according to the filing.

The filing lists CIMG Inc. as the issuer, with principal executive offices at 1700 Capital Avenue, Suite 100, Plano, Texas. The class of security named in the notice is Common Stock.

The form was signed by Aravind Menon, identified as Hearings Advisor at Nasdaq. The SEC filing does not state a reason for the delisting, and no reason is given in the document.

CIMG's shares closed at $0.003 on the event date, unchanged from the prior close, according to the price data provided.

What the filing does not say

A Form 25 is a short administrative notification, not a narrative document. It checks a box identifying the rule provision relied on and then certifies that the exchange has completed its own process. It does not contain findings of fact, financial figures, or an explanation of what the company did or failed to do.

Because of that, the filing alone cannot establish why Nasdaq moved to delist the stock. It could reflect a failure to meet a continued listing standard, a company decision to withdraw, or another exchange rule. The document provided here does not say which, and this article does not speculate.

What this means

A Form 25 is the mechanism for removing a security from an exchange listing and from registration under Section 12(b) of the Securities Exchange Act of 1934. Either the company or the exchange can file it. Here, Nasdaq is the filer, which points to the exchange acting under its own listing rules rather than the company choosing to leave voluntarily.

The distinction matters for what comes next. The form cites 17 CFR 240.12d2-2(b), which is the provision used when the exchange has followed its own rules to strike a security from listing. A separate checkbox on the form covers the voluntary withdrawal route, where the issuer has complied with exchange rules; the notice indicates the exchange-side provision applies.

Delisting from Nasdaq does not by itself extinguish a company's public reporting obligations. A company can remain registered with the SEC and keep filing periodic reports, and its shares can continue to trade over the counter. What the listing change removes is the exchange venue and the listing standards that come with it.

For CIMG Inc., the practical effect described in this filing is that its common stock is being struck from Nasdaq's list. The stock's $0.003 close puts it below the $1.00 level that Nasdaq generally requires for continued listing under its minimum bid price rule, though the filing does not state that this rule is the basis for the action and it should not be assumed to be.

About the company

CIMG Inc. is identified in the filing's classification as a miscellaneous retail company with headquarters in Plano, Texas. The filing provides no further detail on its operations, revenue, or financial condition.