The listed company CIMG raised 55 million USD through a rights issue and will purchase 500 bitcoins

ChainCatcher news, according to PR Newswire, Nasdaq-listed digital health company CIMG Inc. announced that it has signed a definitive securities purchase agreement to issue 220 million shares of common stock to nine non-U.S. investors to raise $55 million and will purchase 500 bitcoins, with an expected average purchase price of $110,000 per bitcoin. The transaction is expected to close in early September.