SCHEDULE 13G/A: Yanqin Chen Discloses 8.25% Beneficial Ownership in CIMG Inc. Following Share Purchase Agreement
Beneficial Ownership Disclosure
Yanqin Chen has disclosed a beneficial ownership of 8.25% in CIMG Inc., holding 3,000,000 shares of common stock, as detailed in a Schedule 13G filing.
Summary
- Yanqin Chen beneficially owns 3,000,000 shares of CIMG Inc. common stock.
- This ownership represents 8.25% of the company's total outstanding common stock.
- The percentage is calculated based on 30,397,418 shares issued and outstanding as of June 5, 2025, plus an additional 6,000,000 shares to be issued pursuant to a share purchase agreement entered into on June 2, 2025, resulting in a total of 36,397,418 shares outstanding post-issuance.
- Yanqin Chen, a citizen of China, holds sole voting and sole dispositive power over these 3,000,000 shares.
- The filing is an Amendment No. 2 to Schedule 13G, indicating a change in beneficial ownership or reporting status.
Sentiment
Score: 6
Explanation: The filing indicates a significant beneficial ownership by an individual, which can be viewed as a positive sign of confidence, though it is a routine disclosure filing and does not contain performance metrics.
Positives
- A substantial individual stake of 8.25% by Yanqin Chen indicates significant confidence in CIMG Inc. and its future prospects.
Future Outlook
The company is expected to have 36,397,418 shares of common stock issued and outstanding following the closing of the share purchase agreement for 6,000,000 additional shares.
Industry Context
NA
Stakeholder Impact
- Shareholders: The issuance of 6,000,000 additional shares will result in dilution for existing shareholders, increasing the total outstanding shares from 30,397,418 to 36,397,418. The entry of a new significant shareholder, Yanqin Chen, holding an 8.25% stake, could influence future corporate decisions or market perception.
Next Steps
- Closing of the share purchase agreement for the issuance of 6,000,000 additional shares, which will increase the total outstanding shares to 36,397,418.
Key Dates
| Date | Description |
|---|---|
| 06/02/2025 | Date of share purchase agreement for the issuance of 6,000,000 additional shares. |
| 06/05/2025 | Date 30,397,418 shares of common stock were reported as issued and outstanding in the Issuer's Form 8-K. |
| 06/09/2025 | Date of event which requires the filing of this Schedule 13G statement. |
Keywords
CIMG Inc., Yanqin Chen, Schedule 13G, Beneficial Ownership, Common Stock, Shareholder, SEC Filing, Stake, Share Purchase Agreement
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