Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 158

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 16C
Chunk 158
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Item 16C. Principal Accountant Fees and Services

Our principal accountants for the years ended
December 31, 2024 and December 31, 2023 were BDO USA, P. C. (“ BDO USA”). We incurred the following fees from BDO USA for professional
services for the years ended December 31, 2024 and 2023, respectively:

  Principal Accountant Fees      (U. S. Dollars in thousands)                                          
 ───────────────────────────────────────────────────────────────────────────────────────────────────────
                                 December 31,                                 December 31,             
  Audit Fees                     $                                 1,124      $                 1,365  
  Tax fees                                                         —                            —      
  Audit-related fees                                               —                            —      
  All other fees                                                   —                            —      
  Total fees                     $                                 1,124      $                 1,365  

“ Audit fees” are the aggregate fees
earned by BDO USA for the audit of our consolidated annual financial statements, reviews of interim financial statements and attestation
services that are provided in connection with statutory and regulatory filings or engagements.

“ Tax fees” are the aggregate fees
charged by BDO USA for professional services rendered for tax compliance activities.

“ Audit-related fees” are fees charged
by the BDO USA for assurance and related services that are reasonably related to the performance of the audit or review of our financial
statements and are not reported under “ Audit fees.” This category comprises fees for agreed-upon procedures engagements and
other attestation services subject to regulatory requirements.

“ All other fees” are fees billed in
each of the last two fiscal years for products and services provided by BDO USA, other than the services reported in the aforementioned
categories in this section.

The policy of our audit committee or our board
of directors is to pre-approve all audit and non-audit services provided by our principal accountant, including audit services, audit-related
services, and other services as described above. All of the services provided by our auditors described above have been pre-approved by
our audit committee.

Item 16D. Exemptions from the Listing Standards
for Audit Committees

Not applicable.

Item 16E. Purchases of Equity Securities by
the Issuer and Affiliated Purchasers

In November 2023, the Board approved a share repurchase
program pursuant to which we may purchase up to $10 million of our outstanding Common Shares. The share repurchase program expires on