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ISSUANCE OF EQUITY SECURITIES
 9 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
ISSUANCE OF EQUITY SECURITIES

8. ISSUANCE OF EQUITY SECURITIES

 

On April 22,2025, the Company issued 200,000 shares of its common stock for a total value of $118,200 under the 2024 Equity Incentive Plan.

 

On June 2, 2025, CIMG Inc., entered into a share purchase agreement (the “Share Purchase Agreement”) with certain non-U.S. investors (the “Investors”), providing for the private placement of 6,000,000 shares of common stock, par value $0.00001 per share (the “Common Stock”, or the “Shares”) of the Company in the aggregate principal amount of $1,068,480, at a purchase price of $0.17808 per share, in reliance on the registration exemptions of Regulation S of the Securities Act of 1933.

 

The following table summarizes the restricted common shares activities for the nine months ended June 30, 2025 and 2024:

  

   2025   2024 
Number of shares outstanding at September 30, 2024 and 2023   320,743    50,056 
Restricted shares granted   30,563,200    - 
Restricted shares forfeited   -    (13,561)
Restricted shares vested   (16,358,545)   (17,592)
Number of shares outstanding at June 30, 2025 and 2024   14,525,398    18,903