Consumer staples stock surges 1,600% amid crypto pivot

Core Viewpoint - CIMG Inc. experienced a significant stock surge of over 1600% following the announcement of a 20-for-1 reverse stock split aimed at regaining compliance with Nasdaq listing requirements [1][4]. Company Actions - The reverse stock split will reduce CIMG's outstanding share count from 309,667,840 to approximately 15,483,392 shares, effective December 5, 2025 [2]. - The company is also deepening its involvement in cryptocurrency, having added 500 BTC to its balance sheet and signaling plans to expand into tokenized digital-asset products [6][7]. Market Dynamics - CIMG's stock was trading at $2.4, reflecting a 13% increase in pre-market trading at the time of the announcement [1]. - The average trading volume for CIMG surged from 214,000 shares to nearly 3 million shares, indicating increased volatility [5]. Financial Position - Despite the stock surge, CIMG remains unprofitable, with an earnings per share (EPS) of -13.33 and a market capitalization of only $32.8 million [4].