CIMG Inc. Appoints New Auditor
Ticker: CIMG · Form: 8-K · Filed: Jan 24, 2025 · CIK: 1527613
Sentiment: neutral
Topics: auditor-change, disclosure
TL;DR
CIMG Inc. swapped auditors, Malone Bailey out, no drama reported.
AI Summary
CIMG Inc. announced on January 20, 2025, that it has appointed a new independent registered public accounting firm, effective immediately. The company's former independent auditor was MaloneBailey, LLP. This change in auditor is not related to any disagreements or reportable events.
Why It Matters
A change in auditors can sometimes signal underlying issues with financial reporting or internal controls, though in this case, the company states there were no disagreements.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a change in independent auditors and does not indicate any financial distress or operational issues.
Key Players & Entities
- CIMG Inc. (company) — Registrant
- Malone Bailey, LLP (company) — Former independent registered public accounting firm
- January 20, 2025 (date) — Date of earliest event reported
FAQ
Who is CIMG Inc.'s new independent registered public accounting firm?
The filing does not explicitly name the new independent registered public accounting firm, only that a change has been made.
When was the change in auditors effective?
The change was effective immediately as of January 20, 2025.
What was the name of CIMG Inc.'s former auditor?
CIMG Inc.'s former independent registered public accounting firm was Malone Bailey, LLP.
Were there any disagreements between CIMG Inc. and Malone Bailey, LLP?
No, the filing explicitly states that there were no disagreements or any other reportable events requiring disclosure.
What is CIMG Inc.'s state of incorporation?
CIMG Inc. is incorporated in Nevada.
Filing Stats: 912 words · 4 min read · ~3 pages · Grade level 15.5 · Accepted 2025-01-24 16:10:28
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 par value IMG The Nasdaq Stock Mark
Filing Documents
- form8-k.htm (8-K) — 44KB
- ex16-1.htm (EX-16.1) — 5KB
- ex16-1_001.jpg (GRAPHIC) — 8KB
- ex16-1_002.jpg (GRAPHIC) — 3KB
- ex16-1_003.jpg (GRAPHIC) — 48KB
- 0001493152-25-003579.txt ( ) — 301KB
- img-20250120.xsd (EX-101.SCH) — 3KB
- img-20250120_lab.xml (EX-101.LAB) — 33KB
- img-20250120_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 20, 2025 CIMG Inc. (Exact name of registrant as specified in its charter) Nevada 001-39338 38-3849791 (State or other jurisdiction of incorporation or organization (Commission File No.) (IRS Employer Identification No.) 6107, 6th Floor, Building C4 , No.1 Huangchang West Road , Dougezhuang , Chaoyang District , Beijing (Address of principal executive offices) + 86 18518579917 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.00001 par value IMG The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 4.01. Changes in Registrant's Certifying Accountant Termination of Current Independent Registered Public Accounting Firm The Audit Committee (the "Audit Committee") of the Board of Directors of CIMG Inc. (the "Company") has approved the termination of MaloneBailey, LLP ("MaloneBailey") as its independent registered public accounting firm, effective January 20, 2025. The reports of MaloneBailey on the Company's financial statements as of and for the two most recent fiscal years ended September 30, 2023 and September 30, 2022, did not contain any adverse opinion or a disclaimer of opinion, nor were such reports qualified or modified as to uncertainty, audit scope or accounting principles, except for an explanatory paragraph regarding our ability to continue as a going concern.. During the Company's fiscal years ended September 30, 2024 and September 30, 2023, and the subsequent interim period through January 20, 2025: (1) there were no "disagreements" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304) with MaloneBailey on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of MaloneBailey would have caused MaloneBailey to make reference to the subject matter of such disagreements in connection with its reports on the financial statements for such periods and (2) there were no "reportable events" (as defined in Item 304(a)(1)(v) of Regulation S-K. The Company provided MaloneBailey with a copy of this report prior to its filing with the Securities and Exchange Commission (the "SEC") and requested that MaloneBailey furnish the Company with a letter addressed to the SEC stating whether MaloneBailey agrees with the statements made by the Company in this report and, if not, stating the respects, if any, in which MaloneBailey does not agree with such statements. A copy of the letter from MaloneBailey is filed with this Current Report on Form 8-K as Exhibit 16.1. New Independent Registered Public Accounting Firm On January 20, 2025, the Company appointed Assentsure PAC ("Assentsure") to serve as the Company's independent registered public accounting firm to audit its financial statements for the year ended September 30, 2024 and review its unaudited financial statements for the periods ended December 31, 2024, March 31, 2025 and June 30, 2025, which was approved by its Audit Committee. During the fiscal years ended September 30, 2024 and September 30, 2023 and the subsequent interim period through January 20, 2025, neither the Company nor anyone on its behalf has consulted with Assentsure with respect to (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on financial statements, and neither a written report nor o