Company: MAGH
Filing Date: 2025-09-15
Form Type: 20-F
Source: 0001493152-25-013424
Chunk: 26

Company: Magnitude International Ltd
Filing Date: 2025-09-15
Form: 20-F
Item: Item 3
Chunk 26
---
Relating to Our Ordinary Shares

The
Company’s Ordinary Shares are currently listed on Nasdaq. However, there is no guarantee that the Company will be able to maintain
the listing of its Ordinary Shares on Nasdaq in the future, which could limit investors’ ability to make transactions in the Ordinary
Shares and subject the Company to additional trading restrictions.

In
order to maintain the listing on Nasdaq, the Company is required to meet certain financial and share price criteria. The Company may
be unable to meet these requirements in the future.

If
the Company’s Ordinary Shares are delisted from Nasdaq and the Company is unable to list its shares on another national securities
exchange, the shares may be quoted on an over-the-counter market in the United States. If this occurs, the Company could face significant
adverse consequences, including:

  a                                                                   

  15  

  reduced                                                                                                                              
  a                                                                                                                                    
  a                                                                                                                                    
  a                                                                                                                                    

As
of the date of this report, our Ordinary Shares are listed on Nasdaq. Under U. S. federal law, this listing preempts state-level regulation
of their sale. However, states retain the authority to investigate companies if there is suspicion of fraud. If fraud is found, states
may regulate or bar the sale of shares. If we were no longer listed on Nasdaq, we would be subject to state regulations in each jurisdiction
where we offer our shares.

Our
corporate actions are significantly influenced by our directors, officers and principal shareholders, who have the ability to exert significant
influence over important corporate matters that require approval of shareholders while their interests may differ from those of the other
shareholders.

Our
directors, officers and principal shareholders hold directly and/or beneficially in aggregate 21,861,200 of our issued Ordinary Shares,
representing 62.46% of our total issued and outstanding share capital and they are able to exercise 62.46% of the total voting power
of our issued and outstanding share capital. As a result, our directors, officers and principal shareholders have considerable influence
over matters such as electing directors and approving material mergers, acquisitions or other business combination transactions. This
concentrated control will limit your ability to influence corporate matters and could also discourage others from pursuing any potential
merger, takeover or other change of control transactions, which could have the effect of depriving the holders of our Ordinary Shares
of the opportunity to sell their shares at a premium over the prevailing market price