Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 41

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 4
Chunk 41
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 any required unaudited interim financial statements, with correspondingly reduced “ Management’s
Discussion and Analysis of Financial Condition and Results of Operations” disclosure. The JOBS Act also provides that an emerging
growth company does not need to comply with any new or revised financial accounting standards until such date that a private company
is otherwise required to comply with such new or revised accounting standards.

We
are an “emerging growth company” as the term is used in the JOBS Act. As such, we are subject to the reduced public company
reporting requirements described above and we have elected to take advantage of the benefits of the extended transition period provided
under the JOBS Act for complying with new or revised accounting standards. As a result, our operating results and financial statements
may not be comparable to the operating results and financial statements of other companies who have adopted the new or revised accounting
standards.

We
will remain an emerging growth company until the earliest of (i) the last day of the fiscal year during which we have total annual gross
revenue of at least US$1.235 billion; (ii) the last day of our fiscal year following the fifth anniversary of the completion of the IPO;
(iii) the date on which we have, during the preceding three-year period, issued more than US$1.0 billion in non-convertible debt; or
(iv) the date on which we are deemed to be a “large accelerated filer” under the Securities Exchange Act of 1934, as amended,
or the Exchange Act, which would occur if the market value of the Ordinary Shares that are held by non-affiliates exceeds US$700 million
as of the last business day of our most recently completed second fiscal quarter. Once we cease to be an emerging growth company, we
will not be entitled to the exemptions provided in the JOBS Act discussed above.

Implications
of Being a Foreign Private Issuer

We
have to report under the Exchange Act as a non-U. S. company with foreign private issuer status. Even after we no longer qualify as an
emerging growth company, as long as we qualify as a foreign private issuer under the Exchange Act, we will be exempt from certain provisions
of the Exchange Act that are applicable to U. S. domestic public companies, including:

  the sections of the Exchange                                                                                                              
  the provisions of Regulation                                                                                                              
  the sections of the Exchange                                                                                                              
  the rules under the Exchange                                                                                                              

In
addition