Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 12

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 12
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 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 Act regulating the solicitation of proxies, consents or authorizations 
 in respect of a security registered under the Exchange Act;                                     |

| ● | the                                                                                       
 provisions of Regulation FD aimed at preventing issuers from making selective disclosures 
 of material information;                                                                  |

| ● | the                                                                                             
 sections of the Exchange Act requiring insiders to file public reports of their stock ownership 
 and trading activities and liability for insiders who profit from trades made in a short        
 period of time; and                                                                             |

| ● | the                                                                                              
 rules under the Exchange Act requiring the filing with the Securities and Exchange Commission,   
 or the SEC, of quarterly reports on Form 10-Q containing unaudited financial and other specified 
 information, or current reports on Form 8-K, upon the occurrence of specified significant        
 events.                                                                                          |

| 9 |

In addition, we are not required to provide as many Exchange Act reports, or as frequently, as a domestic public company.

Both foreign private issuers and emerging growth companies are also exempt from certain more stringent executive compensation disclosure rules. Thus, even if we no longer qualify as an emerging growth company but remain a foreign private issuer, we will continue to be exempt from the more stringent compensation disclosures required of companies that are neither emerging growth companies nor foreign private issuers.

In addition, as a company incorporated in the Cayman Islands, we are permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly from the corporate governance listing requirements of Nasdaq. These practices may afford less protection to shareholders than they would enjoy if we complied fully with corporate governance listing requirements of Nasdaq. Following this offering, we will rely on home country practice to be exempted from certain of the corporate governance requirements of Nasdaq, such that a majority of the directors on our board are not required to be independent directors.

Controlled Company

Immediately after the completion of this offering, we will be a “controlled company” as defined under Nasdaq corporate governance rules because Mr. Lim, will hold more than 50% of the aggregate voting power of our total issued and outstanding share capital. Therefore, we will be able to rely on exemptions from certain corporate governance rules available to controlled companies. See “Management — Controlled Company Exemptions.”

Market and Industry Data

This prospectus contains estimates and information concerning our industry that