Company: MAGH
Filing Date: 2025-01-02
Form Type: DRS
Source: 0001493152-25-000010
Chunk: 55

Company: Magnitude International Ltd
Filing Date: 2025-01-02
Form: DRS
Chunk 55
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 any other changes in such net tangible book value after April 30, 2024, other than to give effect to the issuance and sale of the Ordinary Shares offered hereby, our pro forma net tangible book value as of April 30, 2024, would have been US$[●], or US$[●] per outstanding Ordinary Share. This represents an immediate increase in pro forma net tangible book value of US$[●] per Ordinary Share to existing shareholders and an immediate decrease in pro forma net tangible book value of US$[●] per Ordinary Share, to new investors in this offering. The following table illustrates such per Ordinary Share dilution:

| Assumed initial public offering                               
 price per Ordinary Share                                      
 Net tangible book value per Ordinary Share                    
 as of April 30, 2024                                          |     | Per Ordinary Share 
 US$                
 US$                | [●] 
 [●] |
|:--------------------------------------------------------------|:----|:-------------------|:----|
| Increase in net tangible book value per                       
 Ordinary Share attributable to new investors in this offering |     | US$                | [●] |
| Pro forma net tangible book value per Ordinary                
 Share after giving effect to this offering                    |     | US$                | [●] |
| Dilution in net tangible book value per                       
 Ordinary Share to new investors in the offering               |     | US$                | [●] |

A US$1.00 increase (decrease) in the assumed initial public offering price of US$[●] per Ordinary Share would increase (decrease) our pro forma net tangible book value after giving effect to the offering by US$[●], the pro forma net tangible book value per Ordinary Share after giving effect to this offering by US$[●] per Ordinary Share and the dilution in pro forma net tangible book value per Ordinary Share to new investors in this offering by US$[●] per Ordinary Share, assuming no change to the number of Ordinary Shares offered by us as set forth on the cover page of this prospectus, and after deducting underwriting discounts and commissions and estimated offering expenses payable by us. The pro forma information discussed above is illustrative only. Our net tangible book value following the closing of this offering is subject to adjustment based on the actual initial public offering price of our Ordinary Shares and other terms of this offering determined at pricing.

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<div align='center'>ENFORCEABILITY OF CIVIL LIABILITIES</div>

The Company is an