PANews
PANews|Sep 03, 2025 00:39
[Publicly Listed Company CIMG Inc. Completes $55 Million Common Stock-for-Bitcoin Transaction] According to PR Newswire, the business group CIMG Inc. (NASDAQ: IMG), which focuses on digital health and sales expansion, announced that it completed its previously disclosed common stock sale transaction on September 2, 2025. The company sold 220 million shares at a price of $0.25 per share, raising a total of $55 million, which was used to acquire 500 Bitcoins. CIMG Chairman and CEO Wang Jianshuang emphasized: 'Looking ahead, the company plans to continue increasing its digital asset reserves and seek collaborations within the artificial intelligence and crypto ecosystems, such as Merlin Chain.'
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