Company: NEGG
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001213900-25-063944
Chunk: 23

Company: Newegg Commerce, Inc.
Filing Date: 2025-07-15
Form: 424B5
Chunk 23
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 to the Agent against certain civil liabilities, including liabilities under the Securities Act. We have also agreed to reimburse the Agent for certain other specified expenses.

The offering of our Common Shares pursuant to this prospectus supplement will terminate upon the earlier of (i) the sale of all of our Common Shares provided for in this prospectus supplement or (ii) termination of the Sales Agreement as provided therein.

Our Common Shares are listed on Nasdaq under the symbol “NEGG.” The transfer agent for our Common Shares is Computershare Trust Company, N.A.

The Agent and its respective affiliates may in the future provide various investment banking and other financial services for us and our affiliates, for which services they may in the future receive customary fees. To the extent required by Regulation M, the Agent will not engage in any market making activities involving our Common Shares while the offering is ongoing under this prospectus supplement.

<div align='center'>S-16

LEGAL MATTERS</div>

Certain legal matters as to U.S. Federal and New
York State law in connection with this offering will be passed upon for us by Gibson, Dunn & Crutcher LLP. The validity of the Common
Shares offered in this offering and certain other legal matters as to British Virgin Islands law will be passed upon for us by Conyers
Dill & Pearman. The Agent is being represented in connection with this offering by Covington & Burling LLP.

<div align='center'>EXPERTS</div>

BDO USA, P.C., independent registered public accounting firm, has audited our consolidated financial statements included in our Annual Report on Form 20-F for the year ended December 31, 2024, as set forth in their report, which is incorporated by reference in this prospectus supplement and elsewhere in the registration statement of which this prospectus supplement forms a part. Our financial statements are incorporated by reference in reliance on BDO USA, P.C.’s report, given on their authority as experts in accounting and auditing

<div align='center'>S-17</div>

PROSPECTUS

<div align='center'>Newegg Commerce, Inc.

$300,000,000

of

Common Shares

Warrants

or Units

and

60,000,000 additional Common Shares

Offered by the Selling Shareholder</div>

We may offer and sell up to $300,000,000 in the
aggregate of our common shares (“Common Shares”), warrants to purchase Common Shares (“Warrants”) and/or units
consisting of Common Shares