Company: NEGG
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001213900-25-063944
Chunk: 20

Company: Newegg Commerce, Inc.
Filing Date: 2025-07-15
Form: 424B5
Chunk 20
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 2025, and after deducting the commissions and estimated offering
expenses payable by us, our as adjusted net tangible book value as of December 31, 2024 would have been approximately $168.8 million,
or $7.94 per share. This represents an immediate increase in net tangible book value of $2.49 per share to our existing shareholders and
an immediate dilution in net tangible book value of $28.28 per share to investors participating in this offering. The following table
illustrates this dilution on a per share basis:

| Assumed public offering price per share                                                                     |     |   |      |     | $ | 36.22 |
| Net tangible book value per share as of December 31, 2024                                                   |     | $ | 5.45 |     |   |       |
| Increase in net tangible book value per share attributable to investors in this offering                    |     | $ | 2.49 |     |   |       |
| As adjusted net tangible book value per share as of December 31, 2024, after giving effect to this offering |     |   |      |     | $ |  7.94 |
| Dilution per share to investors participating in this offering                                              |     |   |      |     | $ | 28.28 |

As of the date of this prospectus supplement, the
maximum number of Common Shares currently authorized for sale by our board of directors is 1,000,000. After giving effect to the assumed
sale of 1,000,000 Common Shares in the aggregate amount of $36,220,000 at an assumed public offering price of $36.22 per share, which
was the last reported sale price of our Common Shares on Nasdaq on July 14, 2025, and after deducting the commissions and estimated offering
expenses payable by us, our as adjusted net tangible book value as of December 31, 2024 would have been approximately $140.9 million,
or $6.88 per share. This represents an immediate increase in net tangible book value of $1.43 per share to our existing shareholders and
an immediate dilution in net tangible book value of $29.34 per share to investors participating in this offering.

The Common Shares sold in this offering, if any,
will be sold from time to time at various prices. An increase (decrease) of $5.00 per share in the price at which the shares are