Company: NEGG
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001213900-25-063944
Chunk: 14

Company: Newegg Commerce, Inc.
Filing Date: 2025-07-15
Form: 424B5
Chunk 14
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or entities or arrangements classified as partnerships                                             
 or other pass-through entities for U.S. federal income tax purposes) and any beneficial owners of such entities; |

| ● | tax-exempt entities; |

| ● | controlled foreign corporations; |

| ● | passive foreign investment companies; and |

| ● | persons that acquired our securities as compensation or in 
 connection with services.                                  |

<div align='center'>S-10</div>

If a partnership or other pass-through entity
(including an entity or arrangement treated as a partnership or other pass-through entity for U.S. federal income tax purposes) is a holder
of our Common Shares, the U.S. federal income tax treatment to the partnership or other pass-through entity and its partners, members
or other beneficial owners will generally depend on the status of the partnership or other pass-through entity and its partners, members
or other beneficial owners, their activities, and certain determinations made at the partner, member or other beneficial owner level.
If a partner, member or other beneficial owner of a partnership or other pass-through entity acquires our securities, such partner, member
or other beneficial owner is urged to consult its tax advisor regarding the tax considerations related to owning and disposing of our
Common Shares.

U.S. Holders

For purposes of this discussion, a “U.S.
holder” is any beneficial owner of our Common Shares that is:

| ● | an individual who is a citizen or resident of the United States; |

| ● | a corporation (or other entity or arrangement taxable as a                                                                             
 corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States, any state thereof or 
 the District of Columbia;                                                                                                              |

| ● | an estate the income of which is includable in gross income       
 for U.S. federal income tax purposes regardless of its source; or |

| ● | a trust, if (i) a court within the United States is able to                                                                            
 exercise primary supervision over the administration of the trust and one or more U.S. persons (as defined in the Code) have authority 
 to control all substantial decisions of the trust or (ii) it has a valid election in effect under Treasury regulations to be treated   
 as a U.S. person.                                                                                                                      |

Taxation of Distributions

If we pay a distribution in cash or other property
(other than certain distributions of our Common Shares or rights to acquire our Common Shares) to a U.S. holder, such distribution will